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GM reclaims its sales throne

By SYF77 on 26 Jan 2012

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After losing its status as the world’s top-selling carmaker to Toyota in 2008, General Motors (GM) has regained its sale throne. The Detroit-based automaker did it by selling 9.03 million cars and trucks worldwide, which is more than one million than its closed rival, Toyota. This represents a 7.6% increase in sales over 2010. Led by a record-setting 4.76 million sales year from Chevrolet, GM saw sales rise in all four of its reporting regions, which are North America, Europe, South America and International Operations which includes Asia.

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GM commented that it has a market share of 11.9% presently. It was an incredible turnaround for GM, which filed for bankruptcy protection in 2009 and requires a bailout from the US government. Now, GM is making money again and recording top sales. However, GM CEO, Dan Akerson, said that the company isn't that concerned about posting large sales numbers and is focused more on making money so it can reinvest in products and generate returns for shareholders. But, he added that strong sales can bring strong finances.

Toyota can only claim 3rd spot in the sales chart for 2011. It moved 7.9 million vehicles worldwide in 2011, which is less than the 8.16 million units sold by Volkswagen. The year of the rabbit was an unlucky year for Toyota, whose production was affected by the Tsunami in its hometown of Japan and widespread flooding in Thailand. However, Toyota is not about to give up. The Japanese automaker is aiming for a comeback this year and has predicted that it will sell 8.48 million vehicles in 2012. Industrial analysts predict that 2012 will be a close fight between GM, Toyota and Volkswagen.

sales report, discussions and 9 more...

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Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.

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