Toyota poised to take world No. 1 spot from GM [UPDATE]
Dec 28, 2007 | 09:37 AM
| Michael Cowden
Toyota Motor Corp., Japan's largest automaker, appears poised to unseat General Motors Corp. as the world's biggest-selling automaker in what could be another big hit to the brand image of the U.S. auto industry.
But while losing the No. 1 position might have symbolic importance, it will have little material effect on U.S. automakers and their suppliers, one analyst said.
Tokyo-based Toyota expects to sell 9.36 million cars and trucks in 2007 and says sales should increase 5.2 percent to 9.85 million in 2008, a spokesman confirmed Thursday. Detroit-based General Motors expects to sell roughly 9.2 million vehicles in 2007 and hasn't disclosed figures for 2008, according to press and wire reports.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.