Despite Loss, GM still tops Toyota for June

Talk about the lesser of two evils. General Motors posted an 18 percent loss for June, but yet still managed to beat out Toyota--because they lost 21 percent in June. Yey! Can't you hear the cheering? Or is that crying?

At least bottom feeders of GM's stock have a bit of faith; the stock jumped the day after this announcement by 2 percent--after the nation's biggest automaker's stock went to its lowest price--ever. Yikes. GM reported selling 262,329 vehicles for the month, compared with Toyota’s 193,234. Some industry analysts had expected Toyota to beat GM in the U.S. for the first time, but both companies were hurt by a sluggish economy (Ya think?)and poor sales of trucks and sport utility vehicles. Overall, analysts expect for the industry-wide numbers to hit a 16 year low.

Medic! Medic! Someone come quick before the auto industry bleeds out!!

Toyota fans, don't fret. For the first half of the year, GM sales fell 16.3 percent compared with the year-ago period. Toyota sales were down 6.8 percent for the first six months of the year. So again--the lesser of two evils. I guess you have to find a silver lining somewhere....

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Despite Loss, GM still tops Toyota for June

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