Toyota tops GM in Q1 as world's top auto seller
Toyota Motor Corp. became the world's top auto seller in the first three months of the year, passing rival General Motors Corp. for the first time, the Japanese automaker said on Tuesday.
By Agencies |
TOKYO: Toyota Motor Corp. became the world's top auto seller in the first three months of the year, passing rival General Motors Corp. for the first time, the Japanese automaker said on Tuesday.
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 beat 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 it title as world's top automaker - a claim usually staked on annual production figures.
In 2006, Toyota's global output surged 10 per cent to 9.018 million vehicles, while GM and its group automakers produced 9.18 million vehicles worldwide - a gap of about 162,000.
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.
While GM has struggled to shore up earnings with job cuts and plant closures, Toyota has expanded rapidly, thanks partly to its popular fuel-efficient cars, including the Camry, Corolla and Prius gas-and-electric hybrid.
GM cut production last year as high fuel prices drove people away from its trucks and sport utility vehicles.
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