STEPHEN OTTLEY July 30, 2012
A Toyota dealership in the south Denver suburb of Littleton, Colorado. Photo: AP.
Japanese giant on course to be world’s biggest car company again.
Toyota will return to the top of the global sales charts, surpassing General Motors and Volkswagen Group, according to the latest projections.
Bloomberg reports that Toyota has shaken off its production and supply problems caused by the 2011 Japanese tsunami and Thai floods and has reported strong sales growth around the world.
Toyota has sold 4.97 million vehicles globally in the first six months of the year, with US car maker General Motors reportedly selling 4.67m and German brand Volkswagen 4.45m. Toyota's figure represents a 34 per cent sales increase over the same period last year.
The battle for sales supremacy between the three companies has heated up in recent years after GM reigned for 77 years. Toyota knocked off GM in 2008 as the US car industry hit major financial trouble.
GM claimed top honours for 2011 in the wake of Toyota’s problems but Volkswagen claimed it was actually number one based on all its affiliate brands.