Chevrolet-Daewoo helps GM in stopping Toyota

rahul_intlad · 9th March 2007, 13:03

At least for the moment,toyota will not runaway to the No. 1 manufacturer slot.

General Motors Corp. is increasing production of Chevrolet cars in markets such as India and Russia as it tries to retain a lead over Toyota Motor Corp., which may pass it as the world's largest automaker this year.
Chevy sales have increased 158 percent outside North America, making it one of the fastest- growing brands in the world, he said.

Growth in Russia, India and China is part of GM Chief Executive Officer Rick Wagoner's plan to focus on boosting sales in 11 emerging-market countries. GM's share in emerging markets rose 0.4 percent to 10.9 percent last year.Volkswagen AG was second at 9.3 percent, he said, followed by Toyota at 7.7 percent and Hyundai Motor Co. and its Kia Motors Corp. subsidiary at a combined 5.2 percent.

Source:
Bloomberg.com: Japan

Again reiterates the point toyota are/were ignoring India at their own peril.Also GM buying daewoo was one of their best possible moves,one whose importance even GM must not have realised while buying daewoo.

benbsb29 · 9th March 2007, 13:45

Daewoo made pretty decent cars, though in India the company bombed. GM is doing well to exploit the Daewoo lineage under its badge. Lets see how long they manage to keep Toyota below them.

alexrabbi · 9th March 2007, 13:55

I think even if GM is running in loss, they r on ri8 track - like launching new vehicles, marketing stategy. They r serious in growing markets like India.

Toyota will face a tough competition if they have to beat GM in volume.

And as i know toyota still don't have any big plans @ least for india.

For GM & Toyota - India and other growing markets are the key for future growth

GTO · 9th March 2007, 15:21

Interesting read. Whatever GM and Toyota may say....the No.1 badge means a helluva lot to either of them.

Buttttttttttttttttttttttt IMHO.....its only a matter of time before Toyota fetches it.

9th March 2007, 13:03	#1
rahul_intlad Senior - BHPian Join Date: Aug 2006 Location: Pune Posts: 1,579 Thanked: 4 Times	Chevrolet-Daewoo helps GM in stopping Toyota At least for the moment,toyota will not runaway to the No. 1 manufacturer slot. General Motors Corp. is increasing production of Chevrolet cars in markets such as India and Russia as it tries to retain a lead over Toyota Motor Corp., which may pass it as the world's largest automaker this year. Chevy sales have increased 158 percent outside North America, making it one of the fastest- growing brands in the world, he said. Growth in Russia, India and China is part of GM Chief Executive Officer Rick Wagoner's plan to focus on boosting sales in 11 emerging-market countries. GM's share in emerging markets rose 0.4 percent to 10.9 percent last year.Volkswagen AG was second at 9.3 percent, he said, followed by Toyota at 7.7 percent and Hyundai Motor Co. and its Kia Motors Corp. subsidiary at a combined 5.2 percent. Source: Bloomberg.com: Japan Again reiterates the point toyota are/were ignoring India at their own peril.Also GM buying daewoo was one of their best possible moves,one whose importance even GM must not have realised while buying daewoo.
	() Thanks

9th March 2007, 13:45	#2
benbsb29 Team-BHP Support Join Date: Nov 2006 Location: Brisbane Posts: 9,968 Thanked: 13,221 Times View My Garage	Daewoo made pretty decent cars, though in India the company bombed. GM is doing well to exploit the Daewoo lineage under its badge. Lets see how long they manage to keep Toyota below them.
	() Thanks

9th March 2007, 13:55	#3
alexrabbi BANNED Join Date: May 2006 Location: Bangalore Posts: 131 Thanked: 21 Times	I think even if GM is running in loss, they r on ri8 track - like launching new vehicles, marketing stategy. They r serious in growing markets like India. Toyota will face a tough competition if they have to beat GM in volume. And as i know toyota still don't have any big plans @ least for india. For GM & Toyota - India and other growing markets are the key for future growth
	() Thanks $Received Infraction$

9th March 2007, 15:21	#4
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,529 Thanked: 300,724 Times View My Garage	Interesting read. Whatever GM and Toyota may say....the No.1 badge means a helluva lot to either of them. Buttttttttttttttttttttttt IMHO.....its only a matter of time before Toyota fetches it.
	() Thanks