Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Stars join call to #FreeCyntoiaBrown

Read more

EYE ON AFRICA

Emmerson Mnangagwa to be sworn in as President on Friday

Read more

THE DEBATE

Hard bargaining: Lebanon prime minister returns and suspends resignation

Read more

THE INTERVIEW

Keepers of the flame: Native American communities seeking to protect their cultural legacy

Read more

FOCUS

Tunisians disillusioned, seven years after revolution

Read more

ACCESS ASIA

Indonesia: New orangutan species found in Sumatra

Read more

MIDDLE EAST MATTERS

Meet the 16-year-old behind the hijab emoji

Read more

ENCORE!

Film show: 'Battle of the Sexes', 'Jupiter’s Moon', 'Reinventing Marvin'

Read more

IN THE PAPERS

Robert Mugabe resigns: 'Hip Hip Harare'

Read more

Business

Toyota remains world top auto maker

Latest update : 2009-04-23

Despite media reports suggesting that Germany's Volkswagen could become the world's most important automaker, Japan's Toyota has posted first quarter sales figures of 1.76 million vehicles sold, showing itself ahead of Volkswagen.

AFP - Toyota Motor said Thursday it had sold about 1.76 million vehicles worldwide in the first quarter of 2009, staying ahead of Germany's Volkswagen in the race to be this year's top selling automaker.
  
Toyota, which ended General Motors' 77-year reign as world number one in 2008, suffered a 26.7 percent drop in sales in the three months through March from a year earlier, company spokesman Paul Nolasco said.
  
The figures include its subsidiaries Daihatsu Motor Co. and Hino Motors Ltd.
  
But Toyota managed to easily keep its lead over Volkswagen, Europe's biggest carmaker, which on Wednesday reported global sales of 1.35 million vehicles in the first quarter, down 15.7 percent from a year earlier.
  
There had been speculation that Toyota might fall behind VW but the rumours proved unfounded.
  
GM has not yet reported global sales results for the quarter. In 2008 Toyota sold 8.97 million vehicles against GM's 8.35 million, despite the Japanese maker suffering its first drop in demand for a decade.
  
Toyota, like other automakers, has been hit hard by the global economic downturn and has forecast its first ever loss for the financial year which ended last month.
  
The group's global production plunged 45 percent in the first quarter of 2009 from a year earlier to about 1.395 million vehicles.

Date created : 2009-04-23

COMMENT(S)