Japanese automaker Toyota has been emerged as the world’s biggest automaker for the 4th straight year by selling 10.15 million vehicles in 2015.
- Toyota outpaced its “diesel dupe” rivalry Volkswagen, who logged a sales of 93 million vehicles worldwide and ranks second in the global vehicle sales.
- German automaker Volkswagen is followed by Detroit-based General Motors (GM) who has sold 8 million vehicles.
Growth Chart of Toyota
In 2014 Toyota’s global vehicle sale was trimmed to 2% in comparison with Volkswagen’s sales that were mounting 1.8% year on year while GM’s were up at 1.9%.
- Prius hybrid, Camry sedan and Lexus luxury models brand maker Toyota has faced ups and down viz. recall fiasco* in 2009 and tsunami and quake disaster in Japan in 2011 that limped its parts-supply chain and factory production.
But its ambitious growth after all hobbles surpassed the Detroit-based automaker including Chevrolet, Opel, Buick and Cadillac, who remained the top selling automaker for more than seven decades.
- In 2014, Toyota became the first automaker in the industry’s history to sell more than 10 million vehicles around the world in a year.
Recall fiasco* – In August, 2009, the improper installation of an all-weather floor mat from an SUV into a loaner Lexus sedan by a dealer led to the vehicle’s accelerator getting stuck, causing a tragic, fatal accident and the most challenging crisis in Toyota’s history.
About Toyota Motor Corporation
Founded in 1937, Japanese automotive manufacturer headquartered in Aichi, Japan.
- President & CEO – Akio Toyoda
- Subsidiaries – 545
- Slogan – Leads You Ahead, Drive Your Dreams , Quality Revolution (India), Let’s Go Places, Moving Forward and Let’s Go Beyond