Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Shimon Peres: 'a man of many faces'

Read more

THE DEBATE

The Legacy of Shimon Peres: The last of Israel's founding generation (part 1)

Read more

THE DEBATE

The Legacy of Shimon Peres: What's left of the Oslo Accords? (part 2)

Read more

THE INTERVIEW

Ex-CIA director 'very worried' by prospect of Trump presidency

Read more

FACE-OFF

Migrant crisis: A political football in France?

Read more

FOCUS

Will France repatriate its collection of 19th century Algerian skulls?

Read more

ENCORE!

Film show: 'The Dancer', 'Aquarius' and 'Dogs'

Read more

MIDDLE EAST MATTERS

War in Syria: Residents recount ordeal of life in Aleppo

Read more

IN THE PAPERS

Shimon Peres’ Quixotic battle for Israeli-Palestinian peace

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)