Toyota passes GM for the top spot
Toyota Motor Company has regained the title of world's largest automaker. The company took the title back from GM thanks to a 23% gain in global sales during 2012. Toyota sold 9.75 million vehicles in 2012 compared to GM's 9.29 million vehicles. VW also reported strong sales for 2012 with a total of 9.07 million units globally.
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Toyota's impressive sales numbers include vehicles sold by Daihatsu and Hino Motors. The first time Toyota was the world's largest automaker was in 2008. Problems with supply chain after the earthquake in Japan and flooding in Thailand pushed it behind General Motors.
Toyota points to popular vehicles such as its Prius family of hybrids, the Camry, and SUVs like the Lexus RX 350 as reasons for success. Toyota announced earlier in the month but it sold 2.1 million vehicles in the United States during 2012, and improvement of 27% compared to the previous year.