Global 500 rank: 5 (Previous rank: 5)
2006 loss: $2 billion
Get quote: GM
By shedding jobs and closing plants, GM cut its losses from 2005, when it was $10.4 billion in the red. But GM's U.S. vehicle market share fell for the second year in a row as consumers continued to turn to smaller, more fuel-efficient cars from Asian competitors. Now Toyota is expected to finish the year as the world's largest automaker, ending GM's decades-long reign.
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