GM may cut more jobs this year

And they say the ecomomy is doing good!

This is a very sad thing for the families of the unemployed. I can think of a couple reasons why Toyota has competed so effectively. One is that GM (Ford too) got addicted to building large SUVs in the 80s and 90s. They make big profits in every vehicle made. When gas prices went up, it was too late for them to go cold turkey. The shoppers trotted over to Toyota while the big two feverishly tried to revamp their product lines and turn out smaller cars, which Toyota already builds better than anyone.
Another reason for GM and Ford's money troubles is the high salaries paid to UAW workers, but especially the fact that their health benefits cost so much to the companies. If the Federal government would absorb this cost, of course it would lift a crushing burden from the two carmakers, but that is unlikely to happen. Either the burden will continue, or the health insurance will be jettisoned, leaving the workers in danger of financial crisis from illness.
In time the product lines of GM and Ford may catch up, but it is hard to foresee them taking back their leadership role from Toyota.

Some of that is true Chris,but if the american people were and had been more loyal to american companies and unions we wouldnt have as much trouble from foreign countries and companies .By that I mean them taking profits from this country and also the hundreds of thousands of manufacturing jobs lost in the last 10 to 20 years.
Toyota may assemble autos here,but some profits and money go out of the country.Michigan has lost so many jobs because of this.And for every auto job lost there are so many supplier,truck driver and even grocery and restaurant jobs lost.Its too bad that people arent loyal to american workers like they used to be.

It's not the economy, it's the competition. People buy what they like and has value to the owner. Other companies have done better being in a position to meet what the customers want at a given time...
The number one selling vehicles in America are Ford and GM/Chevy full size pick-up trucks. They haven't lost that edge, but the heat is on for sure. The number one passenger car is the Toyota Camry.

I think it's becoming more "patriotic" to buy a Honda or a Toyota than a GM vehicle. More and more GM cars and trucks are built in Mexico, while the Honda and Toyota vehicles are built in Ohio and many other US states. General Motors and Ford have short-sightedly betrayed their workers and customers in pursuit of quarterly results -- leading to a failed long term strategy.

I would like to see where this "wonderful" economy is at, cuz it sure as hell isn't in Michigan.

I think the key word is "will" rather than "may"!