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Toyota Overtakes GM in Annual US Sales – WSJ

The Japanese carmaker, which for decades has worked to expand its presence in North America, outsold GM by roughly 114,000 vehicles


Japan changed a key policy document to put hybrid vehicles on par with battery-electric cars after a Toyota head threatened the government.
Toyota president Akio Toyoda is due to attend an event in Las Vegas later on Thursday. Toyota and Honda have both announced major investments in the US recently to take advantage of tax credits in the huge climate bill drawn up by the Biden administration officials. Photo: AFP.

 

Toyota Motor has for the first time overtaken General Motors as the US’s top-selling car company, prompted largely by the chip shortage, The Wall Street Journal reported.

The Japanese carmaker, which for decades has worked to expand its presence in North America, sold 2.3 million vehicles in the US, outselling GM by roughly 114,000 vehicles.

Read the full report: The Wall Street Journal.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.