For the first time since the Great Depression, General Motors (GM: 0.75 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: 76.99 +0.06%) 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.
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