Arab Today, arab today toyota sold record 998m vehicles last year
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

To maintain title of world's biggest automaker

Toyota sold record 9.98m vehicles last year

Arab Today, arab today

Arab Today, arab today Toyota sold record 9.98m vehicles last year

Toyota takes the title of world's biggest automaker
Tokyo - Arab Today

Toyota takes the title of world's biggest automaker Japan's Toyota sold a record 9.98 million vehicles last year, it said Thursday, outpacing rivals General Motors and Volkswagen to maintain its title of world's biggest automaker. The auto giant's highest-ever annual sales volume came thanks to a weaker yen and strong US sales, signalling it had recovered from a series of damaging safety recalls and Japan's 2011 quake-tsunami disaster.
The figures beat US-based GM, which said it sold 9.71 million cars last year, while Germany's Volkswagen logged annual sales of 9.5 million.
Toyota broke GM's decades-long reign as world's top automaker in 2008 but it lost the crown three years later as the quake-tsunami hammered production and disrupted the supply chains of Japanese automakers.
However, in 2012 it once again overtook its US rival, which sells the Chevrolet and luxury Cadillac brands.
On Thursday the Japanese maker of the Camry sedan and Prius hybrid said it expects this year to become the first car maker to break the 10 million barrier.
Toyota has outmanoeuvred other automakers with a "comprehensive edge" in product lineup, sales network and cost structure, said SMBC Nikko Securities auto analyst Shotaro Noguchi.
"They have maintained that balance well, compared to its rivals," he said.
"Toyota should have reached the 10 million mark sooner if they had not faced major negative factors like the impact of the quake disaster and flooding in Thailand."
But he warned that the auto giant should not get complacent, adding: "If they only pay attention to production and sales figures, they could lose their competitive edge and wind up in trouble."
The sales figures cap off an impressive comeback for Toyota, which took a heavy blow from a series of mass recalls affecting millions of cars that damaged its once-stellar reputation for quality and safety and led to US congressional hearings in 2010.
The firm has said it expects a net profit of 1.67 trillion yen ($16.02 billion) in the fiscal year to March thanks to a sharply weaker yen and improving sales in North America.
Toyota has ramped up its drive to tap emerging markets while key US demand has also been on the upswing, helping the firm book ever-increasing profits, with its half-year earnings surging 82.5 percent.
Japanese industry has benefited from the big-spending and easy-money policies of Prime Minister Shinzo Abe, with huge monetary easing measures from the premier's hand-picked team at the Bank of Japan helping push down the currency.
The weaker currency boosts Japanese manufacturers' bottom line by making them more competitive overseas and inflating repatriated overseas profits.
The latest sales also signal improving demand in China after Japanese automakers were hammered in 2012 by a damaging consumer boycott in the world's biggest vehicle market that was sparked by a territorial spat between Tokyo and Beijing.
Toyota has also announced plans to develop components for hybrid vehicles with two Chinese automakers, in an unprecedented technology-sharing deal aimed at increasing green car sales in the fast-growing market.
The  move marked shift away from Japanese carmakers' traditional reluctance over such deals for fear of losing their competitive edge.
Toyota's shares fell 1.32 percent to 6,256 yen in Tokyo before the sales figures were published.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota sold record 998m vehicles last year Arab Today, arab today toyota sold record 998m vehicles last year

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota sold record 998m vehicles last year Arab Today, arab today toyota sold record 998m vehicles last year

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday