Toyota Reclaims Top Auto Sales Crown From GM

Toyota regained its crown as the world's top-selling automaker in 2012, as it posted record-high sales and beat its rivals General Motors and Volkswagen.The company lost the number 1 spot in 2011, when it was hit by a wave of negative publicity after a recall crisis in the US, and disruptions to its supply chain following an earthquake in Japan and floods in Thailand.

Published

5 months ago

Categories

Finance

Topics

Finance, Auto

Companies

Toyota Motor Corporation, General Motors

Transcript

Riding high once again. Toyota reclaimed its crown as the world's top automaker in 2012. The 75-year old Japanese firm posted record sales and overtook its rivals General Motors and Volkswagen. Toyota said it sold 9.75 million vehicles globally last year, and almost a quarter higher than a year before. That's compared with GM's 9.28 million vehicles and the 9.07 million sold by VW. The news didn't really move investors, and Toyota's stock closed just over half a percent down. Toyota lost the top spot in 2011 when it was hit by negative publicity after a recall crisis in the U.S., and its supply chain was disrupted by an earthquake in Japan and floods in Thailand. The automaker hopes to do even better in 2013, and increase its sales across the group yet again.