Friday, April 27, 2007

Toyota on road to No. 1

Numbers for the first quarter show that Toyota beat General Motors in global vehicle quarterly sales for the first time ever.
That's a milestone for the Japanese automaker.
And the odds are something like 9-1 that Toyota will do that for the whole year.
The contest is already won in profitability.
Toyota is rolling in cash while GM is losing money the last couple of years.
GM has been the world's No. 1 automaker _ i.e., in number of vehicles produced globally per year _ for 76 years.
This past week was earnings time for Japanese automakers _ Nissan and Honda.
Toyota reports earnings in May.

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