General Motors (GM) has been the largest manufacturer in the united states since 1923. Due to the anticipated Chapter 11 bankruptcy filing GM will shrink substantially. Currently, GM has the following brands on the auction block....Hummer, Saab, GM Europe, and Saturn. In addition, they will discontinue the Pontiac brand.
Ford will displace GM as the largest North American auto producer this year. Ford’s North American output is actually expected to fall by 17.7 percent to 1.9 million units this year. But that number should keep the Blue Oval ahead of GM. GM is planning to sell or close the brands mentioned above.....also GM will cut production at 13 of its North American plants for up to 9 weeks this summer. GM North America should produce approximately 1.7 million vehicles this year.
Since the recession hit, GM financial problems have magnified. In 2008, Toyota overtook GM as the world's largest auto manufacturer. So it appears that GM will loose the second largest manufacturer in the world to Volkswagon.
Chrysler’s bankruptcy will also clear the way for Honda to move up to the number three spot. In fact, Chrysler will produce just over 900,000 vehicles this year – a decrease of more than 50 percent from last year – sliding the automaker all the way down to number five. Toyota should finish just ahead of Chrysler with approxximately 904,000 units produced.