G.M. headed for bankruptcy Again,,read below and comment ,please.....

GM Is No. 1 In The World Again In Auto Sales - Forbes

It’s been three years since General Motors could claim to be the world’s best selling automaker. But now it is back in the driver’s seat.

GM said Thursday that it sold 9.025 million vehicles in 2011. That would put it first among global carmakers, ahead of Volkswagen, with sales of 8.015 million, according to The New York Times.

Toyota, which has been No. 1 since 2008, hasn’t officially announced its 2011 numbers. But it estimates that it sold 7.9 million vehicles last year, when its performance was battered by the Japanese earthquake and tsunami, floods in Thailand, and the lingering impact of millions of recalls.

What does GM get from the number one spot? Bragging rights, certainly, although so far it isn’t trumpeting the victory. The sales numbers were camouflaged in a press release about Chevrolet.

Victories like this are balm for dealers, suppliers and everyone else associated with an auto company, not to mention the Obama Administration. It rolled the dice on the $82 billion bailout for the auto industry, including the managed bankruptcies at GM and Chrysler, and still owns a chunk of GM stock.

And, GM returns to its place in history. It ranked as the world’s biggest automaker for more than 70 years, since it passed Ford during the Great Depression.

Still, the fight will heat up again in 2012. Toyota is aiming to sell 8.48 million vehicles this year, and hopes to climb above 9 million in 2013. Volkswagen is aiming even higher: it hopes to sell 10 million vehicles by the end of the decade.

ANOTHER OBAMA SUCCESS STORY: IS GENERAL MOTORS HEADING FOR BANKRUPTCY AGAIN?
08-17-2012 9:09 pm - Louis Woodhill - Forbes.com
President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.

Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.

Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow.

It’s doubtful that the Obama administration would attempt to sell off the government’s massive position in GM while the stock price is falling. It would be too embarrassing politically. Accordingly, if GM shares continue to decline, it is likely that Obama would ride the stock down to zero.

GM is unlikely to hit the wall before the election, but, given current trends, the company could easily do so again before the end of a second Obama term.

Try and keep up that was last year.
July 26 (Reuters) - Toyota Motor Corp regained the lead in global car sales over General Motors Co in the first half, with Volkswagen AG poised to move past GM and push the U.S. automaker into third place for the full year.

The bigger question is how soon the German auto giant also will pass Toyota and secure the global sales crown - an internal goal that VW management has targeted for 2018 as part of the company's so-called Strategie 18.

VW, in a cautious statement released Thursday, said: "The Volkswagen Group is right on track for 2018, but has not crossed the finish line yet. For us, quality takes precedence over quantity. We don't want to be the biggest, but rather the best and most sustainable automaker in the world. For us, environmentally friendly products and satisfied customers and employees are at least as important as sales rankings and profitability."

It still has to maneuver past a resurgent Toyota, which has rebounded smartly from the effects of last year's earthquake and tsunami in Japan. Toyota in February said it expects to sell a record 9.58 million vehicles globally in 2012, shattering the old mark of 9.37 million in 2007.

Toyota had held the global sales crown from 2008 through 2010, before the natural disasters in Japan dropped it last year to third place, behind GM and VW.

"We have recovered greatly from the earthquake and tsunami," said Javier Moreno, a spokesman for New York-based Toyota North America. "Our dealers now have plenty of inventory and showroom traffic is up on a global basis."

Toyota said it sold 4.97 million vehicles worldwide in the first six months, a substantial increase from the 3.72 million it sold last year, when all Japanese automakers were reeling from the earthquake's aftermath.

GM said it sold 4.67 million vehicles in the first half, up 3.0 percent from 4.54 million the previous year. GM's global performance was driven by record first-half sales in China, which now accounts for more than 30 percent of the automaker's worldwide total. The U.S. market, where GM's sales are growing at a much slower pace, accounts for only 28 percent of the company's total sales.

GM spokesman James Cain on Wednesday said: "We continue to grow our sales and share in China . . . We are in the early days of the most aggressive roll out of new products in our history, which will help us press our advantage in the U.S. and China and grow profitably around the world."