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Old 7th August 2011, 20:54   #1
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Default GM replaces Toyota as the worlds largest Car Manufacturer-

"Toyota Motors is no longer the largest car manufacturer in the world, if we are to believe a report by Detroit News. From 1st Jan 2011 to 30th June 2011, Toyota Motors sold 3.71 million vehicles and for the same period, GM sold over 4.5 million cars.
GM recorded an increase of approximately 8.9% in the year to date sales figures, whereas, its Japanese counterpart failed to show a similar progress, instead Toyota sales declined by 23% in the same period. Largely due to the gigantic earthquake and ensuing Tsunami which disrupted Toyota's production process to a huge extent."

GM replaces Toyota as the worlds largest car manufacturer | Rush Lane

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Old 7th August 2011, 21:36   #2
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Default Re: GM replaces Toyota as the worlds largest Car Manufacturer-

It could be the tsunami effect also and then toyota had their problems in the US with the whole lot of vehicle recalls and stuff. US is still the largest car market.

Now US market is shrinking. We might be looking at a recession soon. So it remains to be seen how long GM is going to be on the top under these circumstances.
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Old 7th August 2011, 22:44   #3
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Default Re: GM replaces Toyota as the worlds largest Car Manufacturer-

Its a good morale boost for GM.But ironically I own 2 Toyotas and 1 GM Car !!!!!
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Old 8th August 2011, 12:37   #4
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It's a useless statistic. They should compare the sales stats of the two companies when both are running at full capacity.
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Old 8th August 2011, 13:55   #5
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Default Re: GM replaces Toyota as the worlds largest Car Manufacturer-

In fact Toyota is no 3. No 2 is VW with 4.13m vehicles sold.
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Old 8th August 2011, 14:03   #6
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Default Re: GM replaces Toyota as the worlds largest Car Manufacturer-

So the big three playing musical chairs are now GM, VW and Toyota. Toyota were hit by a double whammy, bad press due to recalls, and Fukusima quake. However, I will still expect the musical chairs to continue. With the dollar expected to drop wrt to the Euro and even more so wrt Yen things will become interesting.
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