General Motors USA turning to profit

GM USA

GM turning to profit and Toyota loosing place

The U.S. auto industry, which seemed to be on the edge of fall down at the onset of recession, has been strengthened. On the Darkest days, such as the economic crisis in the fallen, the report even President Barack Obama on U.S. auto industry, advisers to ask, "Why can't they make a Corolla?" Ford in U.S. sales in 2011since 2007 for the first year has exceeded 2 million.

Corolla is a challenge for even the GM comes up with answer. The company's best - selling cars is the Cruze, a compact car introduced last year, which compete with the Toyota stalwart.

"We have been a better car than the Corolla to create, and we did," said a GM spokesman James Cain. "The Chevy Cruze was the best - selling compact cars in the U.S. market last year."

Even though GM's sales success, in the United States is not yet fully repaid the $ 50 billion direct investment in the company to deliver it.

Though, GM has returned to government 23 billion U.S. dollar, but still the government owns a third of the GM's ordinary stock. For the full recover of government $ 50 billion investment in the usually general motor’s stock will raise $ 54 per share. Currently per share price is about $ 25.

Worldwide sales of 9 million, GM and its Joint Ventures in China in 2011 to record 2,547,171 vehicles sold.

GM’s sales worldwide 9million in, came from Chinese Joint Ventures, some analysts have questioned how the significant figure. However, GM benefited this year for a spate of bad luck for Toyota.

Toyota, Japan earthquake of 2011 did not result in good and due to floods in Thailand has been hampered in sales. Company officials estimate that in 2011, 7.9 million dollars sales drop off.

Volkswagen announced to become the world's largest automaker by 2018.