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Toyota 'world's largest carmaker' Toyota 'world's largest carmaker'
(about 1 hour later)
Japan's Toyota has overtaken US rival General Motors to become the world's biggest carmaker, a spokesman for the company has said.Japan's Toyota has overtaken US rival General Motors to become the world's biggest carmaker, a spokesman for the company has said.
According to company figures, Toyota sold 2.348 million vehicles in the first three months of 2007.According to company figures, Toyota sold 2.348 million vehicles in the first three months of 2007.
That compares with General Motors (GM)' sales of 2.26 million cars and small trucks during the same period.That compares with General Motors (GM)' sales of 2.26 million cars and small trucks during the same period.
Japanese carmakers have been boosting foreign sales and making gains in the US, the world's largest car market.Japanese carmakers have been boosting foreign sales and making gains in the US, the world's largest car market.
A key reason why Toyota is overtaking GM as the dominant car firm is its highly efficient production system. Global changes in the car industry
Toyota has enjoyed strong sales on the back of the success of its pioneering hybrid, the Prius, and new models such as the Camry Sedan.Toyota has enjoyed strong sales on the back of the success of its pioneering hybrid, the Prius, and new models such as the Camry Sedan.
Meanwhile, GM has struggled to compete and has been forced to cut thousands of jobs and close factories.Meanwhile, GM has struggled to compete and has been forced to cut thousands of jobs and close factories.