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30 January
2017
Toyota Motors lost its title as the
highest selling automaker in 2016 to German carmaker Volkswagen, a position the
Japanese company had enjoyed since 2011, the media reported. The Total Investment & Insurance Solutions
According to figures published on Monday
by the Toyota group, which includes its subsidiaries Daihatsu Motor and Hino
Motors, the company sold a total of 10.175 million units in 2016, Efe news
reported. The Total Investment &
Insurance Solutions
Although the figure is 0.2 per cent
higher than 2015, it is lower than Volkswagen's 10.3 million units (growth of
around 3.8 per cent) sold in 2016 despite the German manufacturer's recent
emissions scandal. The Total Investment
& Insurance Solutions
The last time Toyota was world's No. 2
annual car seller was in 2011, when Japan's northeastern part was struck by an
earthquake and a tsunami, severely affecting the firm's operations and cutting
significantly its supply chains. The
Total Investment & Insurance Solutions
Toyota was also trailing Volkswagen in
the first half 2015. However, Volkswagen's emissions scandal in September
severely affected its last quarter sales. The Total Investment & Insurance Solutions
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