Japanese automaker Toyota tops in global vehicle sales

Japanese automaker Toyota Motor Corp. has topped in global vehicle sales in 2014 by selling 10.23 million vehicles, beating Volkswagen and General Motors.

While, Germen automaker Volkswagen AG is second in global vehicle sales list and has sold 10.14 million vehicles in 2014.

Detroit-based General Motors (GM) is third in the list and has sold at 9.92 million vehicles.

Some facts

  • In 2014, Toyota’s sales grew 6 per cent in the U.S, 13 per cent in China, and 10 per cent in Brazil compared to year 2013.
  • But in 2011, company had suffered a setback in top position rank, when its production was hit by the earthquake and tsunami in northeastern Japan but it made a comeback as No. 1 in 2012.
  • It should be noted that, GM was top-selling automaker for more than seven decades. But in 2008, it was surpassed by Toyota.

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Categories: Business & Economy Current Affairs 2017International Current Affairs 2017

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