The difference now though is that, in 2009, GM is building the greatest products there is, while Toyota is stuck with the same boring lineup with no major changes coming anytime soon.
And that didn't account for any profits for GM, as they lost another $1.2 billion this past quarter. Toyota, with their "boring" cars, turned a profit last quarter. Must be doing something right, eh?
Cash for clunkers did, yep.
Low inventory from GM kinda avoided them from benefiting from it.
It will take a few years before GM fully emerges from all the chaos they brought themselves in in the first place (of course), but the Lacrosse, SRX, CTS, Malibu, Equinox, and Camaro to just name them, is he proof that soon all their lineup will be worldclass, while Toyota continues to charge 40k$+ for a ES350. You think the customers will stay dumb forever?
The 2009 Bankruptcy will be memory in a few years, and GM will be back to what it has been a few decades ago:Excellence