BREAKING!! General Motors Reclaims Title of World's Top Selling Automaker | |
Anonymous Coward User ID: 1166496 United States 01/19/2012 08:33 PM Report Abusive Post Report Copyright Violation | General Motors Co reclaimed its title as the world's top selling automaker for the first time since 2007, after sales of more than 9 million vehicles globally in 2011. Quoting: IS-BE GM's return to the top slot comes more than two years after its taxpayer-funded bankruptcy restructuring that allowed the Detroit-based automaker to cut its spiraling legacy costs. Volkswagen is #2 with 8.16 million sold in 2011. Toyota is #3 with 7.9 million sold in 2011. Snip: Less than 50%. Read the full article here: [link to finance.yahoo.com] Love my GM!!! |
IS-BE
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Anonymous Coward User ID: 1257580 United States 01/19/2012 09:23 PM Report Abusive Post Report Copyright Violation | General Motors Co. on Thursday reported 2011 sales that appeared to show it once again seized the title of world's largest auto maker by volume, eclipsing Volkswagen AG and setting off another auto-industry dust-up over how to count affiliate sales. GM, which held the spot for almost eight decades before being dethroned by Toyota Motor Corp. in 2008, on Thursday disclosed it sold a bit more than nine million cars and trucks worldwide last year, a 7.6% rise over 2010. That would put it ahead of VW, which recently reported global sales totaled 8.16 million vehicles last year. But shortly after GM's disclosure, Volkswagen argued it, in fact, was the top-seller last year if sales of its affiliates are included. Volkswagen's figures don't include the contributions of majority-ownership stakes in truck makers MAN SE and Scania AB, which will be added in a few weeks, a Volkswagen spokesman said. The truck makers might add 200,000 vehicles to VW's sales total. GM's rivals also point out that the big U.S. auto maker's numbers are boosted by ownership stakes in China's SAIC Motor Corp. and Liuzhou Wuling Motors Co. While SAIC builds GM cars in China, Wuling's 1.2 million vehicles last year are mostly cheap commercial vehicles used only in China. [link to online.wsj.com] |
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