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GM reclaims world's biggest carmaker title as Toyota skids
by Staff Writers
Paris (AFP) Jan 19, 2012


General Motors reclaimed its title as the world's biggest automaker Thursday, successfully emerging from its 2009 bankruptcy woes to overtake German giant Volkswagen and Japanese Toyota in the race to the top.

The US giant sold 9.03 million vehicles globally in 2011, up 7.6 percent from a year ago, as it cashed in on a recovery in the north American market which delivered a 11.4 percent sales jump to 2.9 million.

The carmaker also posted strong results elsewhere, with European sales up 4.4 percent and 3.9 percent in South America.

Its best-selling marque Chevrolet posted record sales of 4.75 million units, making up almost half of the global total.

The results marked GM's sharp U-turn from near demise in 2008, when the global financial crisis forced it to turn to the US government for a bailout.

In June 2009, it filed for bankruptcy which allowed it to change labour contracts and dump brands, dealers, workers and plants in the process.

It emerged from bankruptcy much leaner and more focused, and in November returned to the stock exchange in a share offering that raised a massive $23.1 billion, helping it to pay back half of its government debt.

As GM's fate began to change for the better, its Japanese rival Toyota, which had roared ahead during GM's difficult years to take top spot among the world's biggest automakers, began to see woes piling up.

In the last two years, the Japanese giant suffered the double whammy of massive vehicle recalls and then last March's devastating earthquake and tsunami in its home country.

Reputed for its well-made family sedans, Toyota's reputation took a dent in 2010 when it was forced to recall more than nine million cars in the world over diverse technical problems, including defective braking systems.

The year 2011 brough an earthquake and tsunami in Japan that badly hindered production for several months in the archipelago and abroad.

Floods in Thailand at year-end added to its problems, as factories in its key southeast Asian manufacturing base were disrupted.

As a result, its 2011 sales including for luxury brand Lexus, fell to 7.0 million units, down 6.0 percent, according to provisional data released at the end of December.

Including the Hino and Daihatsu units, Toyota's overall sales came in at 7.9 million units.

If confirmed, the firm would be relegated to third place, behind Volkswagen.

The German giant which owns brands including Audi, Seat, Skoda, Bentley, Bugatti and Lamborghini has said it sold 8.15 million vehicles during the year, up 14 percent from 2010.

It is aiming to become the biggest automaker by 2018.

But Toyota is planning to give both its rivals a run for their money, with a sales target for Toyota and Lexus vehicles of 8.48 million vehicles in 2012 and nearly nine million by 2013.

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Toyota says number one spot not top priority
Tokyo (AFP) Jan 20, 2012 - Japanese auto giant Toyota on Thursday played down its demotion from top spot in the world carmakers' league after US firm General Motors said it sold 9.03 million vehicles in 2011.

Toyota had been the world's biggest carmaker since 2008, the year GM almost collapsed and the global financial crisis forced it to turn to the US government for a bailout.

GM went on to file for bankruptcy in 2009 but has since recovered, returning to the stock market in November and selling 9.03 million vehicles globally in 2011, up 7.6 percent from the previous year.

Toyota's production was badly hit by both the Japanese earthquake and tsunami in March and floods in Thailand, and its total worldwide group sales are forecast to come in down six percent at 7.9 million vehicles.

If confirmed that will see Toyota slip to third place behind Germany's Volkswagen, which has said it sold 8.15 million vehicles during the year, up 14 percent from 2010.

But Toyota spokeswoman Amiko Tomita said following GM's announcement: "Sales are important, to be first is important, but that's not the most important thing for us.

"Our priority number one is to make cars people love, and not to be the first in the world.

"As a result, if we are first, it's a good thing, but our priority number one is to make good cars. We don't chase numbers," she told AFP.

The Japanese firm, which had long enjoyed a reputation for reliability, has had to recall millions of vehicles in recent years over a series of technical problems, including defective braking systems.

Nonetheless it is hoping for a bumper 2012 both at home and abroad, setting ambitious sales and production targets, including a rise of more than a fifth in Toyota and Lexus brand sales.

In turn Volkswagen is aiming to become the biggest automaker by 2018.



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Spanish fold-up car to be unveiled at EU
Brussels (AFP) Jan 19, 2012
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