General Motors' earnings and market share were down in 2012 despite a better year for car sales in the U.S., a combination that soured Wall Street on the automaker's fourth quarter and year-end earnings report.
On top of Toyota's large-scale recall involving a potential fire hazard, the company is suffering from steep declines in one of its most important markets because of a political dispute. But things may not be as grim as they seem for the carmaker.
With the Great Recession pushing consumers to hold off on car-buying for as long as possible, pent-up demand is now likely to boost the automakers. But an industrywide pickup won't necessarily benefit all players equally. Of GM, Ford and Toyota, which stock might do best?