MAN is now officially part of the Volkswagen empire. MAN stockholders approved a profit and loss transfer agreement that “ends MAN’s autonomy,” as Automobilwoche [sub] reports.
A bit kinkily, that agreement is called a “domination” agreement in Germany. It defines a corporate power exchange.
TTAC continues its coverage of the race for World’s Largest Automaker. Last year, around this time, we did not do too badly with our guesstimate that Toyota would finish the year as #1, GM as #2, and Volkswagen as #3. Let’s see how we’ll do this year. (Read More…)
Toyota released global production numbers for the first quarter of 2013 today, which gives us a chance to officially initiate our 2013 tracking of the World’s Largest Automakers, based on hard data. Having made 2.5 million units in the first three months, Toyota maintains its lead over runner-up GM and third-place Volkswagen, however, the field is tight. (Read More…)
Toyota released global sales and production numbers for January 2013 today. Toyota is making good on its plans to catch its breath after a breakneck race back to the top of the pile. Toyota said its 2013 production would be flat, and flat it was with an 0.3 percent gain over January 2012. Let’s have a look at the other contenders. (Read More…)
Toyota will make in the neighborhood of 10 million units this year, but plans on a big push for 2014 that will propel it way beyond the 10 million mark. (Read More…)
As usual at this time of the month, Toyota released full month sales and production figures for the preceding month, and as usual in January, the numbers are for the full calendar year. Readers of TTAC will not be surprised by the data, a look forward into 2013 however can get quite exciting. Or unnerving. The podium of the World’s Largest Automakers promises to be in disarray in 2013. (Read More…)
At the sidelines of the Detroit Motor Show, GM conceded what we had said all along: Toyota is the world’s largest Automaker again, with GM in #2, and – surprise – Volkswagen right behind GM.
After Toyota had announced, on a preliminary basis, that they had produced 9.92 million units in 2012, and sold 9.7 million, Volkswagen announced on Monday global deliveries of 9.1 million for the year. We expected GM to announce, as usual, when they surrender the report for their last quarter.
We have been saying it since May, but it took Bloomberg (along with the rest of the copypasting media) until a few days ago to realize that GM’s reign as the World’s Largest Automaker is coming to an end. GM regained the title in 2011 from a tsunami-ravaged Toyota. Toyota has been bouncing back strongly ever since. Toyota’s worldwide production is up 30 percent for the year, while GM was seen treading water when they last published global numbers in October. (Read More…)
A few weeks ago, Toyota’s CFO Satoshi Ozawa told an astounded press corps (and I paraphrase for brevity): “Sure, the riots in China have an effect, but we’ll make it up elsewhere in the world.” Today, we have the data that prove Ozawa-san right. What’s more, he could have spoken for all his Japanese peers. Yes, the boycott of Japanese cars in China caused drastic cutbacks at large Japanese automakers. However, all are doing so gulpingly well elsewhere that a buyer strike in the world’s largest car market turns into nothing more than a hiccup. (Read More…)
Cratering China sales due to the islands row made Toyota revise its production targets. Worldwide production by the Toyota Group including Daihatsu and Hino “now looks likely to reach around 9.8 million units to 9.9 million units for the calendar year instead of the currently projected 10.05 million units,” The Nikkei [sub] says.