Toyota Motor Corp China car sales beat General Motors Corps in the first nine months of the year as the Japanese company threatens to end GM's 77-year reign as the world's largest automaker. Toyota's two Chinese ventures boosted nine-month sales 30 percent to 407,427 cars and sport-utility vehicles. GM's car sales were little changed at 373,945, according to Bloomberg calculations based on data issued by the China Association of Automobile Manufacturers.
The Japanese automaker boosted sales of Corollas and other models at about triple the pace of the overall market after opening a new plant last year. Detroit-based GM is counting on overseas growth as the credit crunch has driven U.S. sales down 18 percent this year and the company's shares to a 58-year low.
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