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GM draws closer to No. 1 Toyota
GM draws closer to No. 1 Toyota
Posted Monday, Aug 10, 2009, 1:29 pm in Employee News
General Motors Co. came close to regaining the top spot from Toyota Motor Corp. in a shrinking global auto market during the first half, while No. 3 Volkswagen AG gained ground on both, the Automotive News reported.
GM, which trailed Toyota by more than 274,000 units after the first half of 2008, was behind by about 11,000 units through the first six months of this year, the trade paper said. GM’s sales fell 21.8 percent vs. Toyota’s 26 percent, the Automotive News said.
Volkswagen closed the gap with Toyota by more than 1 million units by limiting its decline from a year earlier to 5.1 percent, according to a tally by the Automotive News Data Center. No. 5 Ford, the only U.S. automaker to avoid bankruptcy in the first half, posted the biggest drop among the top 10, down 30.6 percent, as the industry battled a worldwide plunge in demand, the publication said.
During the first six months, Toyota sold 463,805 more vehicles than VW, the paper said. In the first half of 2008, Toyota outsold VW by 1.55 million. VW closed the distance with No. 2 GM by 823,503 units, the story said. (Automotive News)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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