Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Toyota passes General Motors

by Tony Sagami on January 21, 2009

in General

For the first time since the Great Depression, General Motors (: )is not the largest auto company in the world. Toyota passed GM for total sales in 2008.

GM sold 8.35 million cars (an 11% decrease from 2007) while Toyota (: ) sold 8.97 million (a 4% year-over-year drop) cars.

All car makers are hurting, but the Japanese car makers — especially Toyota — is holding up a lot better than their U.S. counterparts.

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