During the first half of this year, the Japanese auto major, Toyota, overtook GM to become the leading world's car-manufacturer by volumes. In the 3rd quarter however GM has narrowly crossed Toyota by 10000 vehicles.
On one hand Toyota has reported strong growth in earnings in Q3, GM, on the other hand, had posted its biggest ever quarterly loss. Toyota's growth can be attributed to the growing Asian markets like China and Russia. The struggle between GM and Toyota continues as the difference is very minor. Last month Toyota recalled 470000 cars from the market which has impacted its brand image.
On one hand Toyota has reported strong growth in earnings in Q3, GM, on the other hand, had posted its biggest ever quarterly loss. Toyota's growth can be attributed to the growing Asian markets like China and Russia. The struggle between GM and Toyota continues as the difference is very minor. Last month Toyota recalled 470000 cars from the market which has impacted its brand image.
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