Toyota Overtakes GM in Global Vehicle Sales
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http://www.nytimes.com/reuters/news/...-gm-sales.html
TOKYO (Reuters) - Japan's Toyota Motor Corp. outsold General Motors Corp. by around 90,000 vehicles in the first quarter, moving a step closer to unseating its U.S. rival as the world's biggest automaker.
Toyota has been widely expected to challenge 99-year-old GM this year for the top spot in global sales -- a position the Detroit behemoth has held for 76 years -- but the milestone came surprisingly early, industry watchers said.
Both companies reported record sales for January-March, but Japan's top carmaker inched past GM as it ate into the U.S. group's market share on its home turf.
Toyota, maker of the Camry sedan -- the United States' most popular car -- said on Tuesday its global vehicle sales rose 9 percent to 2.35 million units in the quarter.
The tally includes cars sold under the Lexus luxury brand and the youth-oriented Scion badge, as well as vehicles from units Daihatsu Motor Co. and Hino Motors Ltd..
GM, which sells cars and trucks under a dozen brands including Chevrolet, Buick, GMC, Cadillac, Opel and Saab, sold 2.26 million units during the same period, for a 3 percent rise.
``Toyota has had aggressive new model introductions all over the world,'' said Koji Endo, an auto analyst at Credit Suisse Securities in Tokyo.
``It's achieved growth everywhere in the world, whereas GM's significant growth has only been in China,'' he said.
Toyota has been widely expected to challenge 99-year-old GM this year for the top spot in global sales -- a position the Detroit behemoth has held for 76 years -- but the milestone came surprisingly early, industry watchers said.
Both companies reported record sales for January-March, but Japan's top carmaker inched past GM as it ate into the U.S. group's market share on its home turf.
Toyota, maker of the Camry sedan -- the United States' most popular car -- said on Tuesday its global vehicle sales rose 9 percent to 2.35 million units in the quarter.
The tally includes cars sold under the Lexus luxury brand and the youth-oriented Scion badge, as well as vehicles from units Daihatsu Motor Co. and Hino Motors Ltd..
GM, which sells cars and trucks under a dozen brands including Chevrolet, Buick, GMC, Cadillac, Opel and Saab, sold 2.26 million units during the same period, for a 3 percent rise.
``Toyota has had aggressive new model introductions all over the world,'' said Koji Endo, an auto analyst at Credit Suisse Securities in Tokyo.
``It's achieved growth everywhere in the world, whereas GM's significant growth has only been in China,'' he said.
Are you kidding? With products like the Pontiac Torrent, Chevrolet Aveo, Isuzu i350 and Buick Lucerne? How could they possibly have lost their hold?
OK, now how long do we have to wait until they take over on our shores?
OK, now how long do we have to wait until they take over on our shores?
Originally Posted by dskinner
Are you kidding? With products like the Pontiac Torrent, Chevrolet Aveo, Isuzu i350 and Buick Lucerne? How could they possibly have lost their hold?
OK, now how long do we have to wait until they take over on our shores?
OK, now how long do we have to wait until they take over on our shores?
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