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GM bounces back to overtake Toyota
General Motors regained its title as the world’s top-selling carmaker from Japanese rival Toyota in 2011, it emerged yesterday, but the US company faces a challenge to stay on top this year as Toyota rebuilds its disaster-struck business.
GM, bouncing back from bankruptcy less than three years ago, said it sold just over nine million vehicles globally last year, up 7.6 per cent from 2010, with its Chevrolet brand setting a sales record of 4.76 million vehicles. It comes as Toyota’s sales fell to an estimated 7.9 million vehicles, hit by severe production cuts.
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Friday 25 May 2012
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