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| Subject: ATTENTION U.S. CAR MANUFACTURERS!!!!!! | |
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Author: sci guy |
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Date Posted: 10:18:37 04/24/07 Tue http://news.sympatico.msn.ctv.ca/TopStories/ContentPosting.aspx?feedname=CTV-TOPSTORIES_V2&showbyline=True&newsitemid=CTVNews%2f20070424%2fToyota_GM_070424 Toyota tops GM in vehicle sales for first time 24/04/2007 10:50:28 AM -------------------------------------------------------------------------------- Japan's Toyota Motor Corp. became the world's top auto seller in the first quarter, overtaking rival General Motors Corp. for the first time. Visitors at Toyota Motor Corp.'s showroom look at Toyota's luxury car Lexus model in Tokyo on Tuesday, April 24, 2007. (AP / Shizuo Kambayashi) Toyota sold 2,348,000 vehicles worldwide in the January-March quarter, company spokesman Satoshi Yamaguchi said. Both companies posted record sales for the quarter, but Toyota's sales passed the 2,260,000 vehicles that GM said it sold during the same three-month period. The results mark the first time Toyota has beat GM in global sales on a quarterly basis, and bring the Japanese automaker one step closer to unseating its American rival as the world's biggest automaker, a position the Detroit behemoth has held for 76 years. While the figures only represent quarterly sales results, they suggest GM will be fighting to hold onto its bragging rights as the world's foremost automaker, a claim usually staked on annual production figures. In 2006, Toyota's global output climbed 10 per cent to 9,018,000 vehicles. In contrast, GM produced 9,180,000 vehicles worldwide -- a difference of about 162,000. Analysts have been saying it is only a matter of time before Toyota, which has been gaining steadily on GM, eclipses its rival. GM, which sells cars and trucks under a dozen brands including Chevrolet, Buick, GMC, Cadillac, Opel and Saab, has seen its market share shrink in the United States even as it leads sales in China. GM has struggled to increase profit with job cuts and plant closures as high fuel prices drove motorists away from gas-guzzling vehicles. Meanwhile Toyota has been expanding, thanks partly to the popularity of its fuel-efficient cars, including the Camry, Corolla and Prius gas-electric hybrid. A copy of Toyota's "global master plan'' leaked to the media late last year calls for grabbing 15 per cent of the world car market by 2010 in the company's mission to surpass GM as the leading producer. But Toyota's pace of growth was slowed by some hurdles as vehicle recalls climbed to record levels in recent years. Last year, the automaker recalled more than a million vehicles in Japan and 760,000 in the United States, raising fears the firm was stretching itself too thin too fast. With files from The Associated Press [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: ATTENTION U.S. CAR MANUFACTURERS!!!!!! | Oropan | 11:57:47 04/24/07 Tue |
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