Toyota Remains Top Dog, Overtaking GM And VW In The First Quarter
|   Wednesday, April 30, 2014
Toyota sold in the first quarter of 2014 more cars than General Motors (GM) and Volkswagen (VW), announces Bloomberg. For Toyota, this is the third consecutive quarter in which it maintains its leading position on worldwide sales.

During January-March 2014, the Japanese auto manufacturer sales, which include Hino Motors and Daihatsu Motor divisions, climbed to 2.58 million vehicles. Their rivals from General Motors and Volkswagen have announced that they sold 2.
million vehicles each, but the German company has not reported data on deliveries of trucks from its divisions MAN and Scania.

Last month, Toyota has improved its operating profit estimates that it will record in the current financial year, after the quarter October-December 2013 profit increased by five times compared to the same period of 2012.

The Japanese group is expected to obtain an annual operating profit of 2,400 billion yen (17.6 billion euro) in the fiscal year 2013-2014, up from 2,200 billion yen as previously expected, which is also a new record after the result of 2,270 billion yen, reached six years ago before the financial crisis of 2009.

Toyota has managed to retain, the title of the largest automaker in 2013 for the second consecutive year in the world, beating rivals from General Motors and Volkswagen, after selling 9.98 million vehicles. General Motors deliveries reached last year 9.71 million vehicles, while Volkswagen, together with its MAN and Scania divisions, sold 9.73 million units.

For this year, Toyota, together with 2 other companies, Daihatsu Motor and Hino Motors, plans to sell 10.32 million vehicles worldwide thus becoming the first company that will be able to sell 10 million vehicles in a single year.

"We expect Toyota to hold the No. 1 title in the industry until 2016 or 2017," stated Masatoshi Nishimoto, analyst at IHS automotive in Tokyo. "For Toyota to maintain the title beyond that, they may need to grow more in China."

Volkswagen wants to sell this year as many cars as its Japanese rival. For this purpose, the German company is betting mainly on aggressive expansion in China and the European market return.

VW CEO Martin Winterkorn said last month: "There is a good chance that we will already exceed the 10 million deliveries mark this year."
Toyota shares have increased by 60 percent last year, but this year they lost some gain due to higher costs related to auto recall campaigns and the depreciation of the yen. Toyota recently recalled for repairs more than 6 million vehicles. This is one of the biggest recalls in automotive history.

In March, the Japanese company entered into an agreement with United States authorities after which it will pay a record fine of 1.2 billion dollars. This fine is related to how it performed during the crisis in 2009 - 2010, when the company made ​​a record recall campaign for problems related to the acceleration.
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