Subscribe free to our newsletters via your
. 24/7 Space News .




CAR TECH
GM reclaims world's biggest carmaker title as Toyota skids
by Staff Writers
Paris (AFP) Jan 19, 2012


General Motors reclaimed its title as the world's biggest automaker Thursday, successfully emerging from its 2009 bankruptcy woes to overtake German giant Volkswagen and Japanese Toyota in the race to the top.

The US giant sold 9.03 million vehicles globally in 2011, up 7.6 percent from a year ago, as it cashed in on a recovery in the north American market which delivered a 11.4 percent sales jump to 2.9 million.

The carmaker also posted strong results elsewhere, with European sales up 4.4 percent and 3.9 percent in South America.

Its best-selling marque Chevrolet posted record sales of 4.75 million units, making up almost half of the global total.

The results marked GM's sharp U-turn from near demise in 2008, when the global financial crisis forced it to turn to the US government for a bailout.

In June 2009, it filed for bankruptcy which allowed it to change labour contracts and dump brands, dealers, workers and plants in the process.

It emerged from bankruptcy much leaner and more focused, and in November returned to the stock exchange in a share offering that raised a massive $23.1 billion, helping it to pay back half of its government debt.

As GM's fate began to change for the better, its Japanese rival Toyota, which had roared ahead during GM's difficult years to take top spot among the world's biggest automakers, began to see woes piling up.

In the last two years, the Japanese giant suffered the double whammy of massive vehicle recalls and then last March's devastating earthquake and tsunami in its home country.

Reputed for its well-made family sedans, Toyota's reputation took a dent in 2010 when it was forced to recall more than nine million cars in the world over diverse technical problems, including defective braking systems.

The year 2011 brough an earthquake and tsunami in Japan that badly hindered production for several months in the archipelago and abroad.

Floods in Thailand at year-end added to its problems, as factories in its key southeast Asian manufacturing base were disrupted.

As a result, its 2011 sales including for luxury brand Lexus, fell to 7.0 million units, down 6.0 percent, according to provisional data released at the end of December.

Including the Hino and Daihatsu units, Toyota's overall sales came in at 7.9 million units.

If confirmed, the firm would be relegated to third place, behind Volkswagen.

The German giant which owns brands including Audi, Seat, Skoda, Bentley, Bugatti and Lamborghini has said it sold 8.15 million vehicles during the year, up 14 percent from 2010.

It is aiming to become the biggest automaker by 2018.

But Toyota is planning to give both its rivals a run for their money, with a sales target for Toyota and Lexus vehicles of 8.48 million vehicles in 2012 and nearly nine million by 2013.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Spanish fold-up car to be unveiled at EU
Brussels (AFP) Jan 19, 2012
A tiny revolutionary electric fold-up car designed in Spain's Basque country as the answer to urban stress and pollution is to be unveiled next week before hitting Europe's cities in 2013. The "Hiriko", the Basque word for "urban", is a two-seater whose motor is located in the wheels and which folds up like a child's collapsible buggy, or stroller, for easy parking. Dreamt up by Boston's ... read more


CAR TECH
Roscosmos Revives Permanent Moon Base Plans

Russia talks of permanent moon base

Montana Students Pick Winning Names for Moon Craft

Students rename NASA moon probes Ebb and Flow

CAR TECH
Three Generations of Rovers with Crouching Engineers

Adjusting Robotic Arm on Amboy Rock

Space Agency Boss Blames Makers for Satellite Crash

'Flaws' blamed for Russian space failure

CAR TECH
International Code of Conduct for Outer Space Activities

US joins effort to draw up space 'code of conduct'

Voyager Instrument Cooling After Heater Turned off

The gadgets which stood out at CES

CAR TECH
China plans to launch 21 rockets, 30 satellites this year

Shenzhou 9 Behind the Curtain

China Plans to Launch 30 Satellites in 2012

China launches Ziyuan III satellite

CAR TECH
ISS Team Undertakes 'EPIC' Event

Photographing the International Space Station from Your Own Backyard

New crew arrives at international space station

NASA 'Smart SPHERES' Tested on ISS

CAR TECH
Inaugural Vega Mission Ready For Liftoff

SpaceX delays February flight to space stationl

Canaveral has busy 2012 launch schedule

China to launch Bolivian satellite in 2013: Chinese Ambassador

CAR TECH
Re-thinking an Alien World

Scientists Discover a Saturn-like Ring System Eclipsing a Sun-like Star

Planets around stars are the rule rather than the exception

Milky Way teaming with 'billions' of planets: study

CAR TECH
Raytheon sonars and desktops heading south

Photo industry mourns Kodak

Apple pushes electronic textbooks, teaching

U.S. denies radar affected spacecraft




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement