Toyota Motor Corporation (TYO:7293) regained its status as the world’s biggest automaker by sales in 2012 after having lost the distinction to General Motors Company (NYSE:GM) the year before.
Japan’s No. 1 automaker sold 9.75 million vehicles last year, a 23 percent jump in global sales and a record for the company, while GM sold 9.29 million last year. Germany Volkswagen AG (FRA:VOW), the world’s third-largest carmaker, sold 9.07 million vehicles.
GM had been selling more cars than any other company for more than 70 years before Toyota surpassed the Detroit-based manufacturer in 2008.
GM regained the No. 1 spot in 2011, when an earthquake and tsunami smashed into Japan and curtailed Toyota’s production.
Mike Obel assigns, edits and writes stories about business, markets, finance and economics. Before coming to International Business Times, he worked on the Finance Desk of...