October 01, 2014

Toyota once again secures world’s top vehicle maker title

By Mirwais Adeel - Mon Jan 28 2013, 11:52 am

Toyota secures world's top vehicle makerToyota Motor Corp regained the crown as the world’s top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.

Toyota on Monday said its tally for global vehicle sales in 2012 soared 22.6 per cent to 9.75 million vehicles

It was already clear Toyota had dethroned General Motors Co. as the Detroit-based automaker fell short, selling 9.29 million vehicles. GM had been the top-selling automaker for more than seven decades before losing the title to Toyota in 2008.

GM retook the sales crown in 2011, when Toyota’s production was hurt by the quake and tsunami in northeastern Japan.

Toyota held the global sales crown from 2008 through 2010, but fell to third place in 2011 behind GM and Volkswagen.

Toyota’s domestic rival Nissan Motor Co said on Monday it sold a record 4.94 million vehicles globally in 2012, while Honda Motor Co sold 3.82 million vehicles, up 19 percent.

Before that, it struggled against a crisis of massive recalls in the U.S. over defective floor mats, gas pedals and brakes, involving millions of vehicles, some recalled over and over, that hurt its reputation for quality.

Toyota officials have vowed to scrutinize quality, and have held back product development to minimize recalls.

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