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    GMs sales falls. Toyota is now the worlds largest

    thackervijay
    thackervijay


    Posts : 1812
    Location : Ahmedabad

    GMs sales falls. Toyota is now the worlds largest Empty GMs sales falls. Toyota is now the worlds largest

    Post  thackervijay 23rd January 2009, 12:06 pm

    General Motors said worldwide sales fell 10.8 percent in 2008, ending its 77-year claim as the world's largest automaker.


    GM sold 8.36 million vehicles last year, putting it about 616,000 units behind the 8.97 million reported by Toyota Motor Corp. Tuesday.


    The 2008 results cap an advance by Toyota that has seen the Japanese automaker overcome a 3 million deficit since the start of the decade, fueled in large part by gains in the United States. In 2008, both automakers posted sales declines.


    At the time of the announcement, just before 9 a.m. Wednesday, GM defined itself on its Web site as "the annual global industry sales leader for 77 years.''


    GM President Fritz Henderson had said the previous evening that retaining the title wasn't "terribly important," to him. He told the Automotive News World Congress last night that it's more critical that GM, which hasn't posted a profit since 2004, is strong financially.



    Toyota said its sales across the group fell 4 percent in 2008, dragged down by sharp declines in North America, Europe and Japan.
    The figure was in line with Toyota's previous forecasts, as car sales worldwide plunged in the final quarter amid a financial crisis that forced most car companies to slash production.


    For the parent only, which excludes minivehicle maker Daihatsu Motor Co. and truck unit Hino Motors Ltd., sales fell 5 percent to 7.996 million vehicles, Toyota said. Sales at the two units rose from 2007.


    In the United States, the single-biggest market for both automakers, GM tumbled 22.7 percent last year, while Toyota was down 15.4 percent.


    As of 2007, Automotive News ranked Toyota No. 1. In that year, GM included 516,435 Wuling brand vehicles in its global tally. But GM owns only 34 percent of the Chinese company that builds Wuling products, SAIC-GM-Wuling Automobile Co. Shanghai Automotive Industry Corp. owns

    50.1 percent.

    Automotive News counts only sales of majority-owned subsidiaries in an automaker's global total.


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    Crazy cat
    Crazy cat


    Posts : 2587
    Location : Coimbatore

    GMs sales falls. Toyota is now the worlds largest Empty Re: GMs sales falls. Toyota is now the worlds largest

    Post  Crazy cat 23rd January 2009, 5:24 pm

    This is a quite expected news. Because as all know GM was badly hit in the recession. But it is surprising that GM has many brands and whilst Toyota has only few brands(Toyota, daihitsu, Lexus... did I miss any brand?)
    zinam
    zinam


    Posts : 650
    Location : Chennai

    GMs sales falls. Toyota is now the worlds largest Empty Re: GMs sales falls. Toyota is now the worlds largest

    Post  zinam 24th January 2009, 10:30 am

    GM is looking for the Second Payment from US Govt. very soon
    they have announced that company cannot be run, if they are not getting their amount within few days. :(
    thackervijay
    thackervijay


    Posts : 1812
    Location : Ahmedabad

    GMs sales falls. Toyota is now the worlds largest Empty Re: GMs sales falls. Toyota is now the worlds largest

    Post  thackervijay 24th January 2009, 11:13 am

    yeah zinam, heard that news with GM seeking their second pay from Govt, but with Obama taking on from bush, lets see how long they take to get this sorted out.
    archit
    archit


    Posts : 940
    Location : Bangkok

    GMs sales falls. Toyota is now the worlds largest Empty Re: GMs sales falls. Toyota is now the worlds largest

    Post  archit 24th January 2009, 2:57 pm

    this is old news!!
    i read this some 6-7 months ago!
    CC: u missed SCION which is part of Toyota!

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    GMs sales falls. Toyota is now the worlds largest Empty Re: GMs sales falls. Toyota is now the worlds largest

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