Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million. Toyota has relinquished the title of the world’s biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen’s 10.31 million.
Category: Toyota Prius
Toyota Loses Top Global Automaker Crown Amid Trump Pressures on Trade
Toyota Motor has lost its position as the top global seller of cars to rival Volkswagen , but such figures may now be the least of its worries for Japan’s biggest company as it mulls whether to appease or defy U.S. President Donald Trump’s protectionist trade policy. The maker of the Prius and Corolla models said Monday its global vehicle sales rose 0.2% year on year to 10.175 million units.
Toyota Hybrid Bet Pays Off as Dieselgate Spurs Europe Demand
For years, Toyota Motor Corp. focused on pushing its hybrid models in Europe, avoiding a diesel-for-diesel competition with market leaders including Volkswagen AG. The Japanese carmaker’s strategy is finally paying off.