Toyota Loses Top Spot To GM In Global Sales In 2Q |
| CNNMoney.com - Jul 20, 2007 |
Toyota Motor Corp. lost its position as the world's No. 1 auto seller to General Motors Corp. on a quarterly basis in April-June, though it outsold GM in the January-June half for the first time ever, highlighting the titans' fierce battle for the top spot in 2007.
Analysts have said Toyota will likely outsell GM for the full year, after the Japanese car maker topped the U.S. company on a quarterly basis for the first time in January-March. But the race may be closer than expected after GM showed an improvement in the second quarter while Toyota faces challenges in its home market.
Toyota said Friday it sold 2.36 million vehicles worldwide in the April-June quarter, up 7% from a year earlier, including sales at its Daihatsu Motor Co. and Hino Motors Ltd. subsidiaries.
Read Full Article from CNNMoney.com
- Posted: 2007-07-20 09:57:41
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