Toyota No. 1 Car Producer – No More

Toyota Motor Corp. is likely to be removed from its position of the world’s largest car manufacturer organization by sales following reports that its global sales will decrease by 6% during 2011 to 7.90 million vehicles as a result of natural disasters in Thailand as well as Japan.

The lower than expected sales will place the auto giant behind Volkswagen and General Motors Co. Although Toyota expects to regain its top position during 2012, traders are suspicious that it will be able to do so because of strong yen which is the main stumbling block.

During 2012, the auto manufacturer predicts to produce 8.48 million vehicles. However both the German as well as U.S. rival auto producers are planning to keep up their own productions. Volkswagen increased sales to 7.51 million or 14% up to November and is eyeing to sell over 8 million autos during current year. General Motors has sold 6.79 million automobiles during the first nine months of the current year which is 9.2% higher as compared to the same period last year.

The current year is yet another tough year for Toyota because of devastating flooding in Thailand as well as March tsunami and earthquake in Japan.

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Leo Pierson

About Leo Pierson

Former partner in a real estate management firm, Leo, has been active in the market for the last 8 years. Ex-blogger on penny stocks, now focused on long term growth stocks, Leo provides valuable market snapshots each day as part of our editorial team.

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