Ronaldo eyes AFC Champions League glory with Al Nassr    Inter Milan advances to Italian Super Cup final with 2-0 victory over Atalanta in Riyadh    Thousands attend vigil in Podgorica for 12 victims of Cetinje shooting rampage    Elon Musk sparks furor over support for British far-right instigator Tommy Robinson    Two dead after small plane crashes into California building    Slovakia threatens to cut benefit for Ukrainians    Meghan announces new Netflix lifestyle show    Saudi trade surplus grows 30% to SR20.76 billion in October 2024    Saudi FM reaffirms support for all initiatives to ensure Syria's security and sovereignty    Courchevel subzone: An enchanting winter fun and adventure experience in Riyadh Boulevard World    NMC: Saudi Arabia witnessed strongest cold wave in 1992 with minus 9.3°C in Hail Temperatures to drop below zero in northern regions in coming days    Saudi Arabia secures $2.5 billion Shariah-compliant revolving credit facility    Al-Nassr sells Seko Fofana to Rennes after loan stint at Al-Ettifaq    HR Ministry: 45% increase in wages of Saudis working in private sector    SFDA warns against using SHTINE bottled water due to high bromate levels    Updated fee for Iqama renewal SR51.75 and reentry visa extension SR103.5 Absher Business introduces 7 fees for establishments    Bahrain and Oman to clash in Khaleeji Zain 26 final after stunning semi-final wins    Crypto fugitive Do Kwon extradited to US over $40bn crash    Angelina Jolie and Brad Pitt reach divorce deal    Philip Morris leverages tech, innovation for smoke-free world    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Toyota sold 8.4m vehicles in 2010 to hold top spot
Published in The Saudi Gazette on 25 - 01 - 2011

TOKYO: Toyota sold 8.42 million vehicles globally in 2010, narrowly remaining the world's top automaker ahead of General Motors amid recall woes in the key North American market.
GM also released a new tally Monday for its global 2010 sales, at 8.39 million vehicles, slightly fewer than Toyota's number, but a dramatic 12 percent rebound from 7.48 million vehicles the year before.
The race between the two giants appears to be getting close, with the chance the tables could be turned, seeing GM once again rising to the top.
"General Motors is going strong, and it's a sure sign of its re-emergence," said Yasuaki Iwamoto, auto analyst with Okasan Securities Co. in Tokyo.
Meanwhile, Toyota wasn't showing much growth in North America - and growing slower in China than GM - partly because it lacks the US automaker's extensive model lineup such as large-size sedans, he said.
Toyota's global sales, including truckmaker Hino Motors Ltd. and Daihatsu Motor Co., which makes small cars, rose 8 percent from 2009, driven by solid sales growth in China and other Asian nations, the Japanese manufacturer said.
Toyota Motor Corp. dethroned General Motors as the world's No. 1 automaker in worldwide vehicle sales in 2008 - a position GM held for nearly eight decades. Since then, General Motors, now called General Motors Co., was bailed out by the US government and underwent restructuring after a brief period in bankruptcy protection.
George Hansen, a GM spokesman in Tokyo, played down the importance of Toyota's bigger sales numbers.
"We don't focus on who is No. 1," he said of the so-called "new GM." Still, General Motors achieved double-digit jumps in five of its top 10 markets, including a 28.8 percent increase in China, where it sold 2.35 million vehicles, more than it sold in the US
Toyota, in contrast, sold just 846,000 vehicles in China.
GM also marked a 12.4 percent sales rise in Russia and a 10.4 percent rise in Brazil. GM's sales in the US grew 6.3 percent to 2.21 million vehicles.
Toyota said it was not concerned with beating GM.
"Our objective is to become No. 1 with the customers," said Toyota spokesman Paul Nolasco.
He said the company was doing its utmost to beef up quality. "We want to be their favorite car manufacturer." Toyota, which had thrived on the back of its reputation for quality manufacturing, has suffered a serious image problem since announcing massive recalls in 2009.
The recalls spanned more than 10 million vehicles around the world for faulty floor mats, sticky gas pedals, software glitches and other defects, but mostly in North America.
Toyota was the only major automaker to see its North American vehicle sales drop last year compared to the previous year. Other automakers staged a recovery from the global financial crisis.
Toyota's North American sales last year totaled 1.94 million vehicles, down 2 percent from 2009, with 1.76 million of that total in the U.S.
Toyota fared better in its home Japanese market, where tax breaks and government incentives for green vehicles kept its Prius gas-electric hybrid sales booming.
The Prius ranked as Japan's top-selling car in 2010 with annual sales of 315,669 cars, hitting an all-time high for any nameplate and a 51 percent increase from the previous year.
Toyota's sales in Japan jumped 10 percent last year to 2.20 million vehicles, despite a sluggish economy.
Toyota's overall overseas sales also held up, expanding 7 percent to 6.21 million vehicles. Toyota vehicle sales jumped 19 percent in China and 24 percent in Asia, excluding Japan, according to Toyota.
Analysts say making solid profits is more important the sales numbers game.
– Agence France


Clic here to read the story from its source.