Oh boy; Toyota surpasses GM in Q1 global sales

We knew it was eventually going to happen but it’s one thing hearing rumours and thoughts and another facing cold hard fact; in the first quarter of the year Toyota’s global sales rose up 9% to 2.350.000 units compared with 2.260.000 units for GM (3% rise in sales). The way things are going, Toyota will most probably manage to top GM at the end of the year as the worlds largest car manufacture.

And while some might say, ok, what’s the big deal in being first or second (apart from GM’s hurt pride), truth is that sales tell us only a fraction of the story. The real big deal is called “market capitalization” and that’s where Toyota totally dwarves its American competitor; at $225 billion the Japanese car maker is worth more 12 GM’s ! Via: Reuters

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