Toyota Regains Title As World Biggest Carmaker By Sales, Beating No. 2 General Motors
January 29, 2013 1:45 AM EST
Toyota Motor Corporation (TYO:7293) regained its status as the world’s biggest automaker by sales in 2012 after having lost the distinction to General Motors Company (NYSE:GM) the year before.
Japan’s No. 1 automaker sold 9.75 million vehicles last year, a 23 percent jump in global sales and a record for the company, while GM sold 9.29 million last year. Germany Volkswagen AG (FRA:VOW), the world’s third-largest carmaker sold 9.07 million vehicles.
GM had been selling more cars than any other company for more than 70 years before Toyota surpassed the Detroit-based manufacturer in 2008.
GM regained the No. 1 spot in 2011 when an earthquake and tsunami smashed into Japan and curtailed Toyota’s production.
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