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

Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m

24/06/2026

Govt borrows Rs4.9 trillion from banks despite rise in tax collections

24/06/2026

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

Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m

byCT Report
24/06/2026

HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...

Govt borrows Rs4.9 trillion from banks despite rise in tax collections

byCT Report
24/06/2026

KARACHI: The federal government borrowed more than Rs. 4.9 trillion from commercial banks during the first eleven and a half...

FBR freezes bank accounts over Rs23.23b tax dispute

byCT Report
24/06/2026

LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Universal Service Fund (USF), a government-owned...

Govt abolished Super Tax for major export-oriented companies

byCT Report
24/06/2026

ISLAMABAD: The federal government has approved the complete abolition of Super Tax for companies whose export receipts account for more...

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.