Corporate News
Toyota Kenya’s showroom along Uhuru Highway, Nairobi. PHOTO | FILE
By REUTERS
In Summary
Toyota Motor Corp's four-year run as the world's
top-selling automaker has ended as the Japanese company said on Monday
its global sales for 2016 fell short of Volkswagen AG's.
Toyota said global sales across its Toyota, Lexus, Daihatsu
minicar and Hino Motors Ltd truck brands rose 0.2 per cent to 10.18
million last year from 2015.
This was less than the 10.3 million sold by
Volkswagen, which posted record high global sales despite its diesel
emissions scandal.
Toyota's overall global sales were supported by a
5.5 per cent rise in domestic sales for the Toyota brand following new
launches for models including the Prius, while overseas sales slipped
0.6 per cent as demand eased in North America, in and around the Middle
East and Africa.
Toyota, which had been the world's top-selling
automaker on an annual basis since 2012, estimates global sales to
increase to around 10.23 million vehicles in 2017.
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