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COMMENTS: YOU ASKED FOR IT
It is a specialty at NBC to cover the long slow decline of Detroit's Big Three and the assignment of CNBC's Philip LeBeau to an In Depth feature fit that trend. The latest development is that General Motors is on the verge of losing its status as the globe's foremost seller of automobiles to Toyota. The Japanese company, which started making cars only in 1966, plans to make 9.4m vehicles next year while making profits of $9.9bn. GM plans to make just 9.1m vehicles and all three Detroit automakers combined to make only $4.4bn in profits in 2006.
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