A HISTORIC MILESTONE HAS BEEN CROSSED !!
Toyota Motor Corp. sold more cars and trucks than General Motors Corp. for the first time. Toyota's global sales rose to 2.35 million vehicles in the Jan.-March quarter while GM's rose to 2.26 million vehicles.
How?
1. It focussed on building highly reliable fuel-efficient cars including the Prius gasoline-electric hybrid, which were more attractive because of higher fuel prices.
2. Toyota increased capital spending by 1.4 percent to a record 1.55 trillion yen ($13.1 billion) in the year ended in March from a year ago.
3. The addition of its sixth North American factory in San Antonio last year helped spur Toyota's sales in the U.S., GM's home market
4. It is building its seventh North American plant in Ontario, Canada.
5. It will open its eighth North American factory in Mississippi in 2010 to build Highlander sport-utility vehicles.
6. It is also boosting production in countries including Russia, China and Thailand.
“Built to last” will play second fiddle to “built to transcend”
[Click here for full story at: BLOOMBERG.COM]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment