For the first time since the Great Depression, General Motors (GM: 25.75 0.00 0.00%)is not the largest auto company in the world. Toyota passed GM for total sales in 2008.
GM sold 8.35 million cars (an 11% decrease from 2007) while Toyota (TM: 81.05 0.00 0.00%) sold 8.97 million (a 4% year-over-year drop) cars.
All car makers are hurting, but the Japanese car makers — especially Toyota — is holding up a lot better than their U.S. counterparts.
