KOLO - Business - Headlines

Toyota Tops Auto Sales

By: Associated Press Email
Posted: Mon 5:45 AM, Jan 14, 2013

DETROIT (AP) - Toyota has dethroned General Motors as the world's top-selling automaker.

The Japanese company says it sold 9.7 million cars and trucks worldwide last year, although it's still counting. GM says it sold 9.29 million.

GM retook the crown in 2011 when Toyota's factories were slowed by an earthquake and tsunami in Japan. The disaster left Toyota dealers with few cars to sell. The company has since recovered.

GM is also contending with a stronger Volkswagen. It narrowly edged out the fast-growing German company for second place last year. VW says it sold a record 9.1 million vehicles.

GM was the top-selling automaker for more than seven decades before losing the title to Toyota in 2008.

The Japanese company says it sold 9.7 million cars and trucks worldwide last year, although it's still counting. GM says it sold 9.29 million.

GM retook the crown in 2011 when Toyota's factories were slowed by an earthquake and tsunami in Japan. The disaster left Toyota dealers with few cars to sell. The company has since recovered.

GM is also contending with a stronger Volkswagen. It narrowly edged out the fast-growing German company for second place last year. VW says it sold a record 9.1 million vehicles.

GM was the top-selling automaker for more than seven decades before losing the title to Toyota in 2008.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

US Business News

  • Pricey Beef Puts Heat On U.S. Grilling Season
    Here's the beef: Enjoy the Memorial Day grilling, because retail beef prices are widely expected to set new records in coming weeks.
  • Bausch & Lomb Nears $9 Billion Sale
    Bausch & Lomb, which is owned by private-equity firm Warburg Pincus, is nearing a deal to sell itself to generic-drug maker Valeant for about $9 billion.
  • P&G's Lafley Begins New Talent Hunt
    Procter & Gamble's A.G. Lafley, newly returned as CEO, must repopulate a depleted pool of top executives as he prepares a major overhaul and considers succession.
  • U.S. Firm's Gear Seen Aiding Syria
    Syria's telecommunications providers continue to use technology by Blue Coat Systems to monitor Internet usage, according to Telecomix, a hacker-activist group that has tracked the previous use of the technology.
  • Bausch & Lomb Unit to Pay $33.5 Million on Conspiracy, Kickback Charges
    Ista Pharmaceuticals has agreed to pay $33.5 million to resolve charges that it promoted its anti-inflammatory drug Xibrom for unapproved uses in an effort to boost sales, the Justice Department said.
  • Hulu Suitors Line Up
    Yahoo submitted a bid to acquire Hulu, as the Internet company tries to add more high-quality online video that can appeal to advertisers.
  • Google Pushes Into Emerging Markets
    Google is deep into an effort to fund, build and help run wireless networks in emerging markets such as sub-Saharan Africa and Southeast Asia, a move that could connect a billion or more new people to the Internet.
  • Abercrombie & Fitch Posts Loss, Lower Sales
    Teenage-apparel retailer Abercrombie & Fitch reported a sharp drop in quarterly sales, but said it is having success fixing inventory problems.
  • Turkey Moves to Curb Alcohol Sales
    Turkey moved to curb alcohol sales and restrict advertisements in a move likely to deepen outrage among secular Turks who accuse the government of having an Islamist agenda.
  • Chile Fines Barrick Gold Over Big Mine Project
    The Chilean government fined Barrick $15.8 million for alleged breaches in environmental controls at its flagship Pascua-Lama mine.
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 186772941