Toyota passes GM
TOYOTA PASSES GENERAL MOTORS: Japanese carmaker ends GM’s 76-year reign as No. 1 seller.
Toyota pulled ahead, though GM posted record first-quarter sales of 2.26 million vehicles globally, up 3 percent from the previous year. Toyota’s sales rose 9 percent, to 2.35 million.
“The news isn’t what we wanted to hear, but it’s not going to distract us from the business at hand,” GM spokesman Tom Wilkinson said. “We need to continue to strengthen our business in North America and our financial position.”
Honestly, if anyone is shocked by this they haven’t been paying attention for the past decade or more. That’s too bad, and I sure hope that GM and the Big Three can turn it around. But I ain’t really holding my breath on that.