Toyota beats GM to become the world’s largest automaker

Posted: Jan 21, 2009
Filed under: GM, Industry News, Toyota

After a really tough 2008, it’s no surprise that General Motors has sold fewer cars than Toyota on a global scale. However that makes Toyota officially the world’s largest automaker for the first time.

GM fell short by 616,000 vehicles announcing that it sold a total of 8.356 million cars and trucks in 2008. Toyota, on the other hand, sold a total of 8.972 million.

Toyota’s sales fell by 4 percent while GM faced an 11 percent drop.

Source: MSNBC

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  • zermatt
    "They passed us in terms of market cap, profitability, cash flow long ago," Henderson said. "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." (USAToday)

    When GM was #1 they made a big deal about what that meant and how important it was.

    Things are different when you really are nothing but "# 2".
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