GM's position remains strong, with U.S. sales up 3 percent

August 3, 2012 at 5:46p.m.

LORDSTOWN

Concerns about the future of General Motors appear to be overblown with the company maintaining a strong position.

The concerns about GM due to lower sales numbers just reflect that Japanese automakers have taken back the market share they lost after the tsunami in 2011 that struck Japan’s coast.

GM was able to take advantage during the resulting disruption within the supply chain for Toyota and Honda, said Jesse Toprak, vice president of market intelligence at TrueCar.com, an automotive information website.

Earnings for GM were down by 41 percent worldwide, but nationally the company’s sales are up 3 percent.

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