For the first time since the Great Depression, General Motors (GM: 0.00 N/A N/A)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 (TM: 76.97 -0.54 -0.70%) 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.
- Toyota to increase prices Toyota announced that it will increase the price of its hybrid cars and commercial vehicles by 3% in September. Why?...
- Toyota seeks govt money Even mighty Toyota is stumbling from the U.S. recession. Due to slumping sales, Toyota reported its first annual loss in...
- Japan exports shrink by 46% Japan is a very export dependent country. That is why my jaw dropped when I read that its exports fell...
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