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Article: Toyota matches GM in global sales
- Article from:
- Telegraph - Herald (Dubuque)
- Article date:
- January 24, 2008
- Author:
CopyrightCopyright 2008 Telegraph - Herald (Dubuque). Provided by ProQuest LLC. (Hide copyright information)
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DETROIT (AP) - General Motors, a symbol of American industrial
might and the world's top seller of motor vehicles since Herbert
Hoover was president, has finally been caught by a foreign rival.
GM conceded Wednesday that Toyota Motor Corp. pulled even last
year, each of them selling about
9.37 million vehicles, in another sign that the balance of power
is shifting from West to East.
It's the first time GM has been anything other than the exclusive
global sales leader since 1931.
The figure of 9,369,524 vehicles sold around the world was a 3
percent increase from 2006 for GM. But Toyota's strong sales growth
in the United States in recent years - and declining sales for GM in
its own backyard ...