Toyota NYSE:TM Takes Global Lead From General Motors NYSE:GM
Toyota NYSE:TM Takes Global Lead From General Motors NYSE:GM
VLKAY, HINOF, DHTMY
Toyota Motor Corp. outsold General Motors Co.and Volkswagen AG PINK:VLKAY last year, taking back the global sales lead after recovering from natural disasters and record recalls.
Worldwide sales at Toyota, including deliveries from its subsidiaries Hino Motors Ltd. PINK:HINOF, TO:7205 and Daihatsu Motor Co. PINK:DHTMY, TO:7262, rose 23% to a record 9.75-M units in Y 2012, according to a statement from the Toyota City, Japan-based carmaker. That compares with the 9.29-M units sold by GM and 9.07-M at Volkswagen.
Toyota has fully recovered from the earthquake and natural disasters a year earlier Japanese carmakers, including Toyota, will continue to benefit from a strong US market.
In Y 2008, Toyota ended GM’s 77-yr reign as the world’s largest automaker, holding on to the top annual sales spot until Y 2011, when it gave up the title after production was disrupted by natural disasters in Japan and Thailand.
Toyota traded at 4,340 Yen, unchanged from the last close, as of 2 p in Tokyo. The benchmark Nikkei 225 Stock Average slid 0.7% on the day Monday.
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Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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