Saturday, February 02, 2008

Toyota vs GM: Toyota Becomes Number One?

Toyota and GM are always in a fierce competition to be the top car producer in the world. GM had a slight edge Toyota until now but it seems that Toyota is becoming the top car producer.

Yomiuri Shimbun wrote:

Toyota Motor Corp. overtook General Motors Corp. of the United States to become the world's biggest automaker in terms of units produced after GM announced its production figures for 2007 on Friday.

Toyota manufactured 9,497,754 units across the world in 2007--the figure includes vehicles made by subsidiaries such as Daihatsu Motor Co. and Hino Motors Ltd.--up 5.3 percent on the previous year.

In its announcement, which came early Saturday Japan time, GM said it produced 9,285,000 units last year--up 1.1 percent on 2006.

Bad news for General Motors. GM officials have to regain their top position. Well, I feel that the future of auto industry is in Asia. Millions of families in Asia still do not have a car.