Summary
Associated Press NEW YORK -- Toyota Motor Corp. sold more cars and trucks worldwide than any other automaker last year, seizing the crown General Motors Corp. held for 77 years. But with its overall sales having fallen for the first time in 10 years and the entire industry mired in a slump, there's little for the Japanese company to celebrate.
GM said Wednesday it sold 8,355,947 cars and trucks around the world in 2008, falling about 616,000 vehicles short of the 8.972 million Toyota announced Tuesday. GM said the shortfall was mainly caused by the economic downturns in the U.S. and Europe that slashed vehicle demand in those major markets, where Toyota doesn't have as large a presence.See the full content of this document
Extract
Toyota Outpaces All Others?
Mike DiGiovanni, GM's executive director of global market and industry analysis, downplayed the sign...
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