Toyota On The Verge Becoming Number One Global Automaker By Year End

Toyota Motor Corp. appears poised to regain its position as the world's largest automaker, a remarkable turnaround after years of safety recalls, huge federal fines and the Japanese earthquake last year.

In short order, surging sales have put that all in the rearview mirror.

Toyota is likely to sell 9.7 million vehicles this year, surpassing second-place General Motors Co. by more than 1 million vehicles and setting a record for annual auto sales. That's generating huge profits, with earnings tripling in the latest quarter to $3.2 billion and sales surging almost 20 percent compared with a year earlier.


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USNA1999 - 11/30/2012 2:41:24 PM

+1 Boost

I thought TM has been number one for several years now.

Fijian - 11/30/2012 5:45:38 PM

0 Boost

In recalls for sure. In sales GM beat them last year I think.

MrEE - 11/30/2012 7:48:03 PM

+2 Boost

Does this really surprise anyone? One year down from the earthquake/tsunami and the associated production/parts shortage.

nguyenvuminh - 11/30/2012 9:03:59 PM

+1 Boost

I thought that 009 said Hyundai was going to kick Toyota's ass? Or was it Honda's ass? Or was it both Toyota and Honda?

JUGNU - 12/1/2012 7:13:01 AM

+1 Boost

Expected but still very impressive achievement considering there are some sales problems in the world's biggest car market, China.

MrEE - 12/1/2012 8:10:32 AM

+1 Boost

Agree China issue likely to be killer to all Japanize brands given their growing market. Maybe the territory issue started later in the year or sales were rather small to begin with due to WWII history. Go figure the Chinese prefer Buick.