GM overtakes Toyota

The American automobile major General Motors Co has reportedly outsold The Japanese automobile giant Toyota Motor Corp globally in the first six months to become the world’s largest auto maker after the record March earthquake disrupted production in Japan.

According to reports, GM sales rose 8.9 per cent to 4.5 million units in the half-year ended June 30. It was mentioned that it compares with 4.1 million units at second ranked Volkswagen AG and 3.7 million units for Toyota, including its luxury Lexus marquee and affiliates Daihatsu Motor Co and Hino Motors Ltd. Output at the Toyota City, Japan-based auto maker slumped 23 per cent to 3.4 million units in the half-year after the company halted production following the earthquake and tsunami in March. Toyota expects to enter a production recovery phase in September, one month earlier than previously announced, it said on August 2.
The reports mentioned that GM’s US sales climbed to 669,065 vehicles in the second quarter, according to industry data and the Chevrolet Cruze was the top-selling car in the market in June and the Chevy Silverado full-size pickup remained the second- most popular vehicle, behind only Ford Motor Co.’s F-Series line, it was mentioned.

Source: Yahoo News