GM General Motors Chrystler Automobile U.S. Economy Japanese Cars DJIA Stock Recession?

If GM is currently the world’s #2 selling car company, and was #1 up until 2007 when it was surpassed by Toyota Corp., then how is it possible that GM is in such a huge financial mess in such a short amount of time? If car companies all around the world are suffering the same amount in terms of 30% decline in sales, (which includes the Japanese and European car industries), then WHY is GM in the biggest trouble? Somebody please explain how this economic situation makes sense.

About GM General Motors can be read in http://free-yahoo-info.blogspot.com/?q=GM%20General%20Motors

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