Saturday, January 21, 2017

This Day in Pop Culture for January 21

Toyota Rises on Top
On this day in 2009, General Motors, known as the world’s largest automaker, lost its claim to fame. In 2008, GM sold 8.36 million cars and trucks, whereas Toyota sold 8.97 million, making it the company that produces the most cars on the planet. GM was founded in 1908 by William Durant, known for horse-drawn carriages. In 1911, Durant founded the Chevrolet Motor Company which became part of GM in 1918. By the early 1930’s GM passed Ford by as the world’s largest auto maker. Years later, on June 1, 2008, GM filed for Chapter 11 and dropped some of its brands including Saturn and Hummer. Toyota arrived on the scene in 1937. Their fuel-efficient vehicles proved extremely popular, but they also saw a drop in their profits for the first time ever in 2009.