Monday, January 24, 2011

Report: Toyota remains world's largest automaker for third year in a row despite troubles



Despite weathering a rocky 2010 marked by repeated recalls, Toyota was able to remain the world's largest automaker last year. According to Bloomberg, the Japanese manufacturer saw its sales by eight percent to 8.42 million units if you include Lexus, Hino and Daihatsu. That figure beat the General Motors, its turnover increase by 12 percent of 8.39 million units sold saw.

While Toyota's sales fell in the U.S. market by 0.4 percent due to safety concerns, the automaker saw strong growth in China. The company's sales in the People's Republic jumped by 19 per cent, even though General Motors saw its Chinese sales grow by 29 percent.

Volkswagen, meanwhile, managed to 7.14 million vehicles in 2010 to move, cementing its place as the third largest car manufacturer in the world. This number represents an increase of 14 percent over 2009, and VW says it fully expects sales growth of five per cent seen in 2011.

Toyota expects its sales to 8.6 million vehicles in 2011 hit.

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