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Toyota Officially Reclaims Global Sales Crown

GM slides to second, VW in third.

by on Jan.28, 2013

The success of the latest Toyota Camry helped the maker regain its global sales crown.

Toyota has officially reclaimed its global sales crown, the maker confirming it produced 9.75 million vehicles in 2012.

That was slightly ahead of a preliminary tally Toyota forecast as the year came to a close and locks it in first place ahead of General Motors, which sold 9.29 million vehicles.  Volkswagen, at 9.1 million, came in third for 2012.

Toyota’s sales were slightly lower than the company had projected earlier in the year, the shortfall reflecting the ongoing dispute between Japan and China over a chain of small, uninhabited islands both nations claim.

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In customary fashion, Toyota officials downplayed the sales results. “Rather than going after numbers, we hope to make fine products, one by one, to keep out customers satisfied. The numbers are just a result of our policy. And our policy will continue unchanged,” Toyota spokeswoman Shino Yamada told the Associated Press.


Toyota Triples Earnings

Maker forecasts $10 billon profit for full year.

by on Nov.05, 2012

Toyota hopes to keep its momentum going with new products like the completely redesigned Avalon.

Toyota Motor Co. tripled its net earnings for the July – September quarter as it continued recovering from last year’s devastating Japanese earthquake and tsunami.

The huge jump – which saw the maker’s profit jump to 257.9 billion yen, or $3.2 billion, well in excess of analysts’ consensus forecasts — came despite lopsided exchange rates and the impact of a boycott in China. And it encouraged to maker to forecast that net earnings for the full year will now reach $9.8 billion, up from an earlier forecast of $9.5 billion.

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“We have revised the forecast we announced at the end of the first quarter to reflect the progress we have been making,” said Executive Vice President Satoshi Ozawa.

Toyota operates on a fiscal year ending March 31st, so the latest earnings mark the end of the first half of that year during which it saw profits surge 572.1% compared to year-earlier levels.


Toyota Back on Track as Global Sales Leader

Sales up 28% for first 9 months of 2012.

by on Oct.26, 2012

Toyota CEO Akio Toyoda may miss his ambitious sales goal for 2012 but still regain the global automotive sales crown.

Toyota is fast recovering from last year’s Japanese earthquake and tsunami, a disaster that left it struggling for inventory for most of 2011.

And while the maker has suffered additional setbacks this year – including a boycott in China and its largest single recall ever due to a vehicle fire hazard – it is rapidly regaining momentum, global sales up 28% for the first nine months of 2012. That puts it ahead of General Motors and could let the Japanese giant the worldwide automotive sales crown it relinquished last year.

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In all, Toyota sold 7.4 million vehicles behind January 1 and September 30. By comparison, General Motors sold just 6.95 million cars, trucks and crossovers during the same period, its own sales up a far more modest 2.5%.