Henderson: GM is not the world's largest automaker

DETROIT -- While debate continues in some quarters over whether General Motors or Toyota Motor Corp. is the world's largest automaker by sales, GM's CFO acknowledges that, from a money perspective, GM is not the largest.

" I don't spend too much of my time trying to figure who's the world's largest automaker," Henderson told members of the Automotive Press Association today.

" I just know this: In terms of what we have to do -- profits, cash flow, market cap -- we're not the world's largest automaker. That's what I'm spending 100 percent of my time trying to figure out."

GM reported last week that it sold 9.37 million vehicles in 2007. Several media outlets said GM had barely edged out Toyota to remain No. 1 in global sales.

But Automotive News calculated that GM sold 8.9 million vehicles in 2007 vs. 9.37 million for Toyota. The Automotive News figure excludes 516,435 vehicles sold under the Wuling brand in China.

GM does not own a majority of the company that produces...

Last Update on : January 30, 2008   

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