GM CHIEF SAID 'THE SUN IS AT OUR BACKS,' -- DID HE MEAN TO SAY THE WIND?

A slip or not, General Motors chief Daniel Akerson was discussing the auto maker's future, since its past is a bit demoralizing.

It lost the bragging rights to being the top dog but reclaimed it last year. Its 2012 global vehicle sales likely put it behind Toyota, which has fully recovered from Japan's earthquake, and barely ahead of Volkswagen's 9.07 million.

But, aren't unit sales a silly benchmark? GM's 2.8 million cars sold in China largely were through joint ventures, and the same goes for many other countries. In terms of market capitalization, Toyota and VS dwarf GM at $158 billion and $104 billion, respectively, compared
with GM's 47 billion.

But, at least GM rules its home market, right? Sort of. Ford Motor, which didn't benefit from a bailout, sold fewer cars but now is valued at $53 billion.