Toyota Motor Corp. lost its title as the world’s best-selling automaker to Volkswagen AG, snapping the Japanese company’s four-year reign, as demand for its flagship Camry sedan waned in the U.S. and sales in China expanded at a slower pace than the overall market. Toyota’s global sales, including its Hino Motors Ltd. and Daihatsu Motor Co.
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Toyota Loses Sales Crown to VW as Trade Barrier Threat Looms
Toyota Motor Corp. lost its crown as the world’s best-selling automaker to Volkswagen AG, ending the Japanese company’s four-year reign, as it faces challenges that range from the threat of trade barriers in the U.S. to slowing demand in China after a tax increase. Worldwide sales for Toyota, including its Hino Motors Ltd. and Daihatsu Motor Co.