GM Still Number One
GM Still Number One
The Daily Auto Insider
Thursday, January 18, 2007
Although General Motors' 2006 worldwide sales dropped slightly last year to 9.09 million cars and trucks, it was enough to keep the title of world's largest automaker, The Associated Press reported.
GM said that worldwide sales last year fell 0.9 percent from 9.17 million in 2005, due mainly to lower sales in the United States.
The company's closest rival, Toyota, estimates that it sold 8.8 million vehicles last year, barely short of GM's sales total for the year.
The two companies are preparing for a showdown in 2007, the story said.
Toyota has said it expects to produce 9.42 million vehicles this year. GM hasn't disclosed 2007 worldwide production estimates, but GM Chief Executive Rick Wagoner has said the company has capacity to produce more than Toyota says it will produce this year.
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