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Toyota gains on GM in global race; Japanese automaker could become No. 1 within 3 years.(News)

Automotive News Europe, May, 2005 by Jewett, Dale

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Byline: Dale Jewett

Toyota last year took a big bite out of General Motors' lead as the world's No. 1 automaker.

Toyota gained by nearly 600,000 vehicles on GM to close to within 1.38 million sales in 2004, according to Automotive News' annual ranking of the world's automakers by sales and production.

That puts Toyota on a path to catch GM within two or three years if the trend holds.

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Toyota, which passed Ford Motor Co. last year, has been taking ever-increasing chunks out of GM's lead. The Japanese carmaker drew 413,605 units closer to GM in 2003 after narrowing the ...

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Automotive Industry

Toyota gains on GM in global race; Japanese automaker could become No. 1 within 3 years.(News)

Automotive News Europe, May, 2005 by Jewett, Dale

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