General Motors is no longer the number one automaker in the world, as President Obama has been touting on the campaign trail.
GM spokesman Jim Cain told The Daily Caller via email GM sold 4.67 million automobiles through the first six months of 2012, which is 300,000 vehicles behind the 4.97 million automobiles Toyota sold during the same time frame according to the Associated Press.
“We were the largest automaker in 2011,” Cain said. “This year, Toyota has sold more vehicles CYTD (calendar year-to-date) as they continue to recover from [the] earthquake and tsunami.”
Such information puts a damper on President Obama’s ability to take credit for reviving GM with a bailout in 2009.
“Today, the American auto industry is back,” Obama said on February 15 in a speech in Milwaukee, Wis., “And General Motors is once again the number-one automaker in the world.”
As Election Day nears, Obama has repeatedly promoted GM’s status as number one with growing frequency on the campaign trail.
“When some folks said let’s let Detroit go bankrupt, we said no… and now GM is back at number one,” Obama said at a July 6 campaign event.
GM spokesman Jim Cain told The Daily Caller via email GM sold 4.67 million automobiles through the first six months of 2012, which is 300,000 vehicles behind the 4.97 million automobiles Toyota sold during the same time frame according to the Associated Press.
“We were the largest automaker in 2011,” Cain said. “This year, Toyota has sold more vehicles CYTD (calendar year-to-date) as they continue to recover from [the] earthquake and tsunami.”
Such information puts a damper on President Obama’s ability to take credit for reviving GM with a bailout in 2009.
“Today, the American auto industry is back,” Obama said on February 15 in a speech in Milwaukee, Wis., “And General Motors is once again the number-one automaker in the world.”
As Election Day nears, Obama has repeatedly promoted GM’s status as number one with growing frequency on the campaign trail.
“When some folks said let’s let Detroit go bankrupt, we said no… and now GM is back at number one,” Obama said at a July 6 campaign event.
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