This is going to leave a mark down in metro Detroit-General Motors has just been demoted, as Toyota just passed GM as the world's biggest car maker. Even in the US market, Toyota has buzzed passed Chrysler and is toe-to-toe with Ford for #2 in the domestic market.
The days of the "Big Three" are toast, and have been for a while. The line between domestic and foreign cars have become blurred, as Toyota and a lot of other "foreign" auto makers are building plants and R&D facilities in the US, while our "domestic" car companies try to think on a global scale. Even Baby Big Three Chrysler got bought out by the Mercedes folks years ago.
A tip of the hat to those wonderful folks who gave us Pearl Harbor; they took the quality control and inventory processes that American business profs were preaching to heart and proceeded to show the Americans how to build a better car. It's a good example of international economics, letting the folks who can do things the most efficiently get the business. That may be cold comfort if you're a UAW family sneering at the "rice burners"; even there, more and more of those are being built in the US with US workers.