Toyota has a poor business plan. Investing into infrastructure before the demand is there. 16 million cars and trucks sold will be a poor automobile year. A good year would be 17.5 million cars and trucks sold.
Toyota tops GM as No. 1 seller for first time
By HANS GREIMEL
The Associated Press
TOKYO — Toyota became the world's top auto seller in the first three months of the year, passing rival General Motors (GM) for the first time, the Japanese automaker said today.
Toyota sold 2.348 million vehicles worldwide in the January-March quarter, company spokesman Satoshi Yamaguchi said, surpassing the 2.26 million vehicles that GM said it sold during the same period.
The results mark the first time Toyota has beaten GM in global sales on a quarterly basis, he said.
While the figures represent only quarterly sales results, they foreshadow a tough challenge for GM as it fights to hold onto its title as world's top automaker — a claim usually staked on annual production figures.
Toyota has been gaining steadily on GM in recent years, and analysts have been saying it is only a matter of time before it eclipses its Detroit-based rival, which has seen its market share shrink in the United States even as it leads sales in China, a market with tremendous potential.
While GM has struggled to shore up earnings with job cuts and plant closures, Toyota has expanded rapidly, thanks partly to the popularity of its fuel-efficient cars.
In 2006, Toyota's global output surged 10 percent to 9.018 million vehicles, while GM produced 9.18 million vehicles worldwide. |
