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Toyota Is Still World’s Largest Automaker

Toyota was the world’s biggest car manufacturer in 2010, for the third year in a row, as a recovery in global car demand outweighed a decline US sales. Toyota managed to sell 8% more cars in 2010, reaching 8.42 million units (including Lexus and deliveries from affiliates Hino Motors and Daihatsu Motor). General Motors grabbed the second place, reaching 8.39 million units, 12% more in comparison to 2009.

Toyota sold 0.4% less cars in the United States in 2010, managing to deliver 1.76 million units. They did better in China where sales boosted by 19% but General Motors managed to sell 29% more cars in that same period.

Rounding up the top three is Volkswagen AG who managed to sell 7.14 million cars last year which is 14% more than 2009 and according to sale chief Christian Klinger, sells will grow in 2011 by 5%.

On December 21, Toyota officials stated that they expect to sell approximately 8.6 million cars this year. Without the Daihatsu and Hino units, Toyota managed to sell 7.53 million cars last year which is an 8% increase over 2009. Daihatsu’s sales rose by 4% to 783,000 units last year while Hino, which makes trucks, sold 107,000 units, 35% more than in 2009, according to Toyota.

Source: Bloomberg.com