. Space Industry and Business News .




.
CAR TECH
GM reclaims world's biggest carmaker title as Toyota skids
by Staff Writers
Paris (AFP) Jan 19, 2012


General Motors reclaimed its title as the world's biggest automaker Thursday, successfully emerging from its 2009 bankruptcy woes to overtake German giant Volkswagen and Japanese Toyota in the race to the top.

The US giant sold 9.03 million vehicles globally in 2011, up 7.6 percent from a year ago, as it cashed in on a recovery in the north American market which delivered a 11.4 percent sales jump to 2.9 million.

The carmaker also posted strong results elsewhere, with European sales up 4.4 percent and 3.9 percent in South America.

Its best-selling marque Chevrolet posted record sales of 4.75 million units, making up almost half of the global total.

The results marked GM's sharp U-turn from near demise in 2008, when the global financial crisis forced it to turn to the US government for a bailout.

In June 2009, it filed for bankruptcy which allowed it to change labour contracts and dump brands, dealers, workers and plants in the process.

It emerged from bankruptcy much leaner and more focused, and in November returned to the stock exchange in a share offering that raised a massive $23.1 billion, helping it to pay back half of its government debt.

As GM's fate began to change for the better, its Japanese rival Toyota, which had roared ahead during GM's difficult years to take top spot among the world's biggest automakers, began to see woes piling up.

In the last two years, the Japanese giant suffered the double whammy of massive vehicle recalls and then last March's devastating earthquake and tsunami in its home country.

Reputed for its well-made family sedans, Toyota's reputation took a dent in 2010 when it was forced to recall more than nine million cars in the world over diverse technical problems, including defective braking systems.

The year 2011 brough an earthquake and tsunami in Japan that badly hindered production for several months in the archipelago and abroad.

Floods in Thailand at year-end added to its problems, as factories in its key southeast Asian manufacturing base were disrupted.

As a result, its 2011 sales including for luxury brand Lexus, fell to 7.0 million units, down 6.0 percent, according to provisional data released at the end of December.

Including the Hino and Daihatsu units, Toyota's overall sales came in at 7.9 million units.

If confirmed, the firm would be relegated to third place, behind Volkswagen.

The German giant which owns brands including Audi, Seat, Skoda, Bentley, Bugatti and Lamborghini has said it sold 8.15 million vehicles during the year, up 14 percent from 2010.

It is aiming to become the biggest automaker by 2018.

But Toyota is planning to give both its rivals a run for their money, with a sales target for Toyota and Lexus vehicles of 8.48 million vehicles in 2012 and nearly nine million by 2013.

Related Links
Car Technology at SpaceMart.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




Toyota says number one spot not top priority
Tokyo (AFP) Jan 20, 2012 - Japanese auto giant Toyota on Thursday played down its demotion from top spot in the world carmakers' league after US firm General Motors said it sold 9.03 million vehicles in 2011.

Toyota had been the world's biggest carmaker since 2008, the year GM almost collapsed and the global financial crisis forced it to turn to the US government for a bailout.

GM went on to file for bankruptcy in 2009 but has since recovered, returning to the stock market in November and selling 9.03 million vehicles globally in 2011, up 7.6 percent from the previous year.

Toyota's production was badly hit by both the Japanese earthquake and tsunami in March and floods in Thailand, and its total worldwide group sales are forecast to come in down six percent at 7.9 million vehicles.

If confirmed that will see Toyota slip to third place behind Germany's Volkswagen, which has said it sold 8.15 million vehicles during the year, up 14 percent from 2010.

But Toyota spokeswoman Amiko Tomita said following GM's announcement: "Sales are important, to be first is important, but that's not the most important thing for us.

"Our priority number one is to make cars people love, and not to be the first in the world.

"As a result, if we are first, it's a good thing, but our priority number one is to make good cars. We don't chase numbers," she told AFP.

The Japanese firm, which had long enjoyed a reputation for reliability, has had to recall millions of vehicles in recent years over a series of technical problems, including defective braking systems.

Nonetheless it is hoping for a bumper 2012 both at home and abroad, setting ambitious sales and production targets, including a rise of more than a fifth in Toyota and Lexus brand sales.

In turn Volkswagen is aiming to become the biggest automaker by 2018.



.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



CAR TECH
Spanish fold-up car to be unveiled at EU
Brussels (AFP) Jan 19, 2012
A tiny revolutionary electric fold-up car designed in Spain's Basque country as the answer to urban stress and pollution is to be unveiled next week before hitting Europe's cities in 2013. The "Hiriko", the Basque word for "urban", is a two-seater whose motor is located in the wheels and which folds up like a child's collapsible buggy, or stroller, for easy parking. Dreamt up by Boston's ... read more


CAR TECH
Photo industry mourns Kodak

Apple pushes electronic textbooks, teaching

Quantum physics enables perfectly secure cloud computing

Researchers Uncover Transparency Limits on Transparent Conducting Oxides

CAR TECH
US Army Testing Demonstrates Readiness of Raytheon's MAINGATE Radio

Raytheon's Navy Multiband Terminal Tests With On-Orbit AEHF Satellite

Northrop Grumman And ITT Exelis Team For Army Vehicular Radio

Lockheed Martin Ships First Mobile User Objective System Satellite To Cape For Launch

CAR TECH
SpaceX delays February flight to space stationl

Canaveral has busy 2012 launch schedule

China to launch Bolivian satellite in 2013: Chinese Ambassador

Ariane 5, Soyuz, Vega: Three world-changing launch vehicles

CAR TECH
US Air Force Awards Lockheed Martin Contract for Third and Fourth GPS III Satellites

Raytheon to Develop Mission Critical Launch and Check Solution for Global Positioning System

First Galileo satellite GIOVE-A outlives design life to reach sixth anniversary

USAF Awards Contract to Lockheed Martin for GPS III Launch and Checkout Capability

CAR TECH
Cathay to buy six Airbus planes for US$1.63bn

JAL names ex-pilot as new president

India protests EU airline emissions tax

Airbus agrees A380 deal with Hong Kong Airlines: reports

CAR TECH
A big leap toward lowering the power consumption of microprocessors

The faster-than-fast Fourier transform

New microtweezers may build tiny 'MEMS' structures

High-speed CMOS sensors provide better images

CAR TECH
Map project accuses Google users of edits

Half price DMCii 2011 country image pack in New Year sale

A step closer to mapping the Earth in 3D

Ziyuan III satellite sends back hi-res images

CAR TECH
Chinese cities disclose pollution data?

Wood-burning stoves - harmful or safe?

Hong Kong clean air targets fail to impress

NIST releases 2 new SRMs for monitoring human exposure to environmental toxins


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement