Both automakers are downplaying the significance of this moment, which is smart. Each should be focused on improving their businesses, and from our view in the cheap seats, it appears they are. General Motors product portfolio is improving by the day, as evident by the steaming pile of praise heaped upon its two newest U.S. offerings, the 2008 Chevy Malibu and Cadillac CTS. Meanwhile, it's brands are growing in overseas markets like Europe and China. Toyota, meanwhile, just keeps growing... everywhere.
Even if GM gives up the top spot of the podium for 2007, expect 2008 and beyond to be just as heated. Toyota is predicting growth, again, to 9.85 million sales in 2008. While many believe GM sales may slip further in 2008, resurgent sales in the U.S. for its passenger cars could help balance things out. We'll convene here next year and let you know.
[Source: The Detroit News]