Move over General Motors, Toyota is number 1
By Kay Layne
For the first time in decades Toyota Motor Corp. has outsold General Motors Corp. to become the world’s biggest automaker. Toyota outsold GM in 2008.
There was another first for Toyota. The automaker reported company’s first full-year operating loss in more than 50 years.
That being said both automakers reported lower sales last year. Toyota inched in to first place by selling 8.97 cars and trucks approximately 620 000 more unites than GM.