GM loses global crown to Toyota

Agence France-Presse

This is AI generated summarization, which may have errors. For context, always refer to the full article.

General Motors lost the global sales crown once again to Toyota as its sales grew just 2.9% to 9.2M vehicles

DETROIT, Michigan – General Motors lost the global sales crown once again to Toyota in 2012 as its sales grew just 2.9 percent to 9.2 million vehicles, the US auto giant said Monday, January 14.

GM, which briefly regained the crown after Toyota’s supplies were shattered by the 2011 Japanese quake and tsunami, nonetheless remains at number two worldwide.

German rival Volkswagen, which aspires to be the world’s biggest automaker by 2018, reported an 11 percent increase in 2012 sales to 9.07 million on Sunday.

Toyota has forecast its 2012 sales will jump 22 percent to 9.7 million vehicles.

GM said its share of the global auto market fell 0.4 points to 11.9 percent.

GM’s international operations — Asia-Pacific, Africa and the Middle East — posted the biggest gains, with sales up 10.1 percent at 3.6 million while its share was flat at 9.5 percent.

Sales fell 8.2 percent in Europe to 1.6 million vehicles, while GM’s share narrowed by 0.2 points to 8.5 percent.

North American sales rose 3.2 percent to just over three million, though GM’s share of its home market fell 1.5 points to 16.9 percent.

Sales in South America shrank 1.9 percent to just over a million vehicles, while GM’s share of the region fell 0.8 points to 18 percent. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!