I just heard Ford sales were down 28% this June! The rest of the automakers announce later today.

This could be the first month that Toyota outsells GM in the U.S. Last month, the Ford F-150 lost its top spot (to the Honda Civic and Toyota Corolla) after many years at the top.

Detroit needs to figure things out fast. To make things worse, not only is Detroit's slice of the pie shrinking, the pie is shrinking, too.

Quoted: So, now what? Now, people want fuel efficiency, fuel efficiency and fuel efficiency. But not everyone wants a compact car. Plus, Honda and Toyota have the compact car business cornered anyway. Sure, Detroit needs better small cars. But to thrive General Motors Corp., Ford Motor Co. and Chrysler LLC must go different ways than their Japanese rivals – and fast.