You’ll never guess who has regained the title as the world’s top selling automaker. General Motors. You couldn’t have forgotten that in 2009 the car company hit rock bottom and needed the taxpayers to lend them money to regain their failing business. The entire industries profits and sales are on the rebound now. You all saw the buzz at this year’s Detroit Auto Show.
It is incredible how quickly the businesses have bounced back. In 2009 Chrysler became the first major United States automaker to file for bankrupt since the 1930”s . General Motors who was once the bluest of the blue chip stocks was nick named Government Motors after it along with Chrysler was forced to take a bailout. Ford was the only one to avoid Bankruptcy.