General Motors , which only a couple of years ago has filed for bankruptcy, and was suggested to wind-up its business has managed to bring its glory days back rather quickly. GM outsold Toyota globally during the first 6 months of 2011 to become the world’s largest automaker. Of course, the March 11 earthquake in Japan is to blame for much of Toyota’s loss, but GM’s sales were nothing less than stellar.
The American carmaker GM’s sales were up 8.9 percent to 45.3 lakh units during the first half of 2011 (period ending June 30).
Volkswagen came in second with 41.3 lakh units and Toyota came in third with 37.1 lakh units (including Lexus and affiliates Daihatsu Motor Co. and Hino Motors Ltd.)
Following the March earthquake, Toyota’s output fell 23 percent to 33.7 lakh units in the half-year after the company halted production.
Wondering how Hyundai is doing? The Korean automaker’s sales jumped 11 percent to 19.6 lakh units – making it the fastest growing automaker in the United States.
Also see – Japanese Tsunami’s effect on Indian Auto Market