So, how did GM go bankrupt? If one looks at the sales figures for GM, it simply does not make sense. In 2007, GM was the largest producer of vehicles in the world, manufacturing 13 percent of the total, and had the largest slice of the U.S. car and truck market with 23.4 percent of domestic sales.
Globally, GM sold 9.4 million cars and trucks in 2007, an increase of 3 percent over 2006. GM's 2007 tally was, in fact, the second best global sales total in the company's 100-year history and marked the third consecutive year the company had sold more than 9 million vehicles.
That doesn't sound like a company on the brink of collapse, does it?
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