There Can Be Only One: Toyota Bounces Back, Leads GM in Global Sales, For Now

After a disastrous 2011, which saw it drop to third place behind General Motors and the VW Group due to production shortage caused by the March earthquake and tsunami in Japan, Toyota has bounced back and is currently the world’s number one car manufacturer.

On Friday, October 26, the company announced that in the first nine months of the year, it has sold 7.4 million vehicles globally. That’s a 28 percent increase compared to last year and almost half a million units, 450,000 to be precise, than GM whose sales increased by 2.5 percent to 6.95 million.

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