Toyota
Motor Corp. said today its global sales fell 4% in 2008 and also shook up its management team as it promoted Akio Toyoda, the grandson of the company’s founder, to president.
In 2008, Toyota sold 8.9 million cars and trucks around the world, the company said in a statement today.
Excluding mini-vehicle maker Daihatsu Motor and truck unit Hino Motors, Toyota’s global sales fell 5% to 7.9 million vehicles. Daihatsu’s sales declined 4% to 866,000 vehicles and Hino’s declined 3% to 110,000 vehicles.
When the year began, Toyota was expecting that global sales would grow, and it was widely expected that the company would overtake General Motors Corp. as the world’s largest automaker.
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