Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Automobiles

Toyota falls behind VW in world’s biggest automaker race

byCT Report
30/07/2016
in Automobiles, Latest News
Share on FacebookShare on Twitter

TOKYO: Toyota is in danger of losing its crown as the world’s biggest automaker this year as sales fall behind those of German rival Volkswagen, new figures showed Thursday.

The Japanese giant, which has held the title for four years running, was outsold by Volkswagen in the first half of 2016, as key North American sales fell and disaster-linked factory stoppages hit production.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

The Camry and Prius maker sold 4.99 million vehicles in the six months through June, edging down from a year earlier.

Volkswagen sold 5.12 million vehicles globally in the same period, also ahead of third-placed General Motors which moved 4.76 million vehicles.

The German automaker had pulled ahead of Toyota in the first half of 2015 as well, until a massive emissions cheating scandal dented sales.

This year, Toyota saw first-half unit sales fall in North America — a key market — while US sales of its popular Prius hybrid fell by one-quarter.

The company was also hit by plant shutdowns linked to deadly earthquakes in Japan earlier this year.

Toyota previously warned that its annual net profit will fall as a stronger yen, and a slowdown in Chinese growth and other emerging markets, dent its bottom line.

Toyota, among other major automakers, has also been struggling to recover a reputation for safety after the recall of millions of cars around the world for various problems, including a deadly exploding air bag crisis at supplier Takata.

In 2008, Toyota broke GM’s decades-long reign as the world’s top automaker but lost the crown three years later as Japan’s 2011 earthquake-tsunami disaster hammered production and disrupted the supply chains of the country’s automakers.

In 2012, Toyota again overtook its Detroit rival, which sells the Chevrolet and luxury Cadillac brands, to grab the top spot globally.

 

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

PH, Japan agribiz firms sign $500-M joint venture

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.