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Toyota remains world's largest automaker, GM close second
Published in Saudi Press Agency on 24 - 01 - 2011


Japan's Toyota Motor Corp remained the
world's largest automaker last year, but General Motors rose to once
again pose a formidable challenge, sales figures released by the
companies showed Monday, according to dpa.
Toyota said its global sales in 2010 increased 8 per cent to 8.42
million vehicles, maintaining its status as the world's largest
carmaker despite a massive recall damaging its reputation. The figure
included the sales by its subsidiaries Daihatsu Motor Co and Hino
Motors Ltd.
GM sold 8.39 million vehicles in 2010, a 12.2 per cent jump. The
increase comes as international sales rose, with China the most
important market surpassing the domestic US market.
The US giant was first surpassed as top carmaker by Toyota in 2007
after ruling the market since 1931. In 2009, the Detroit-based
carmaker was forced to take a government bailout to stave off
bankruptcy.
Toyota's overseas sales grew 6 per cent to 5.96 million units
while its domestic sales were boosted 14 per cent to 1.57 million,
Toyota said in a statement.
The Japanese carmaker had to recall more than 10 million vehicles
worldwide late 2009 and early 2010 over problems with accelerator
pedals, floor mats and brakes. The recalls dealt a devastating blow
to the company, which was known for the safety and quality of its
products.
Germany's Volkswagen with 13.5 per cent sales growth and 7.14
million vehicles sold was the third-largest automaker. French-
Japanese duo Renault-Nissan and South Korea's Hyundai-Kia rounded out
the top five.


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