Toyota tops in tight race

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Posted: Sunday, April 28, 2013 12:00 am

TOKYO (AP) — Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with General Motors and Volkswagen is proving tight, as its sales fall in China and Japan.

Toyota Motor Corp. reported last week that it sold 2.43million vehicles during the January-March period, outpacing U.S. automaker General Motors Co. at 2.36million vehicles and Volkswagen AG of Germany at 2.27 million vehicles.

Toyota's first-quarter sales declined 2.2 percent from a year earlier, while those for GM were up 3.6 percent and Volkswagen's jumped 5.1 percent.

GM's quarterly results were within about 69,000 vehicles of Toyota's.

Toyota reclaimed its crown as the world's top automaker last year, after losing it to GM a year earlier, when it was battered by the tsunami and quake disasters in northeastern Japan. GM had been No. 1 for seven decades before losing that title to Toyota in 2008.

Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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