Toyota Crowned World's No. 1 Car Manufacturer
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General Motors today announced that it sold 8.35 million vehicles in 2008, while Toyota's last year sales totaled 8.972 million. Even though it represents a 4 percent drop compared to the previous year, Toyota snatched the leading chair and is now expecting even higher sales through a much improved vehicle lineup.
Surprisingly, General Motors says it has absolutely no interest in such a ranking and explains that given the financial problems it faced in late 2008, such a decline is fairly understandable.
“They passed us in terms of market cap, profitability, cash flow long ago. I focus on the sales and how to make us successful. … Honestly this is not a measure that I pay a lot of attention to,” Fritz Henderson, GM president and chief operations officer, said about Toyota's leading position, according to freep.com.
Despite all these apparently-strong performances, Toyota is not even close to performing well in the overseas market as the Japanese manufacturer last December announced that 2008 may bring the first ever operating loss. But even so, Toyota said it is confident that its future lineup, which is mostly based on the newly-announced hybrid models and fuel-efficient or environmentally-engines, will help the company boost sales which obviously coincides with securing the leading position it has just won.
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comments written so far
On 5 September 2009 at 15:00 UTC, balli said:
toyata is best my favaroute car is toyota innova it is not so expensive and very luxarious,comfortable,and spacious i luv innova best car ........
On 31 October 2009 at 12:45 UTC, dan said:
these numbers are a joke when you consider that Genaral Motors is not allowed to sell in japan, a market in witch toyota sold 2.2 million vehicles in 2008. Take that out of the equation and the General still rules. Plus any company that can be king for 77 years in any industry deserves a round of appluse not critisizim.
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