Jump to content

Toyota is still the world's top automaker

Toyota is still the world's top automaker

chitchatboy

15,247 views

blog-0197214001422023343.jpg

blogentry-133713-0-76117400-1422023368_thumb.jpgToyota is still the world's top automaker, with more than 10.23 million vehicles sold in 2014. Volkswagen and GM takes 2nd and 3rd place respectively with Volkswagen selling 10.14 million vehicles while GM put 9.92 million vehicles on the road last year.

 

However, things might not be so rosy for Toyota this year. It expects sales to decline to 10.15 million units as demand in its home market weakens. Seems like Volkwagen might have a good chance this year with it riding on the growing overseas demand.

Toyota raised its fiscal year through March profit forecast to 2 trillion yen (S$22.7 billion), and said revenue would come in at 26.5 trillion yen, as it saw strong results in North America while a sharply weaker yen inflated its bottom line.

But, it was cautious over some important Asian markets including Indonesia and Thailand, which has been affected by political unrest. There were also fears about its prospects in China as China's economy was not in the best of conditions recently.

That said, Toyota is not giving up without a fight. It is pushing further into the fast-growing market for environmentally-friendly cars, especially in China where officials are struggling to contain an air pollution crisis. It claims that it has received overwhelming domestic order for the first mass market hydrogen fuel-cell car, its Mirai sedan, with demand in the first month nearly four times higher than expected for the whole year. The company received more than 1,500 orders for it since its launch in mid-December. It had actually planned to sell only 400 in Japan over 12 months.




0 Comments


Recommended Comments

There are no comments to display.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Carpark Review: Junction 8

    Built in the 1980s, Bishan (or Bishan New Town) may not be one of the earliest housing estates in Singapore, but it was the first whose HDB architecture saw a departure from the more brutalist designs of the past and featured more variation in height and design.  Residents are primarily served by Junction 8, which opened in 1993. Now more than 30 years old, it remains the sole mall in the Bishan East area. Driving there? Here’s our quick review of the carpark.  Manoeuvrability: T

    bobthemob

    bobthemob

×
×
  • Create New...