Consumers finally wised up. Its the management.

"The Japanese firm said it sold 6.78 million cars worldwide in 2003, against Ford's 6.72 million.

Toyota has advanced rapidly in the US, where it knocked Chrysler out of the top three, while in Asia's wildfire markets US vendors have lagged.

The news came as Japan reported a 40% rise in its trade surplus, despite pressure from the strengthening yen.

Exports outstripped imports in December by 1.1 trillion yen ($10.4bn; £5.7bn), making sixth straight months of gains and reinforcing the impression of a recovery in the country's tattered economy.

Turnaround

Admittedly, Ford's figures - while including a raft of marques - do not count Mazda, of which it owns 33% and which sold a million cars worldwide in 2003.

TOP CARMAKERS IN 2003
1. GM: 8.59 million
2. Toyota: 6.78 million
3. Ford: 6.72 million

But even so the numbers will be a severe embarrassment for Ford, which has held the number two spot behind larger Detroit rival General Motors for as much as 70 years.

Toyota, whose sales were up 10% last year, now has about 11% of the world market for automobiles, with a target of reaching 15% in the next ten years.

Its profits are rising sharply, to about $7bn in the year to March 2003 - the best in the business.

And the high price of its shares means that at $120bn, Toyota is worth four times the valuation of Ford."



posted by 206.216.217...

• Ford drops to 3rd, zeke, Mon, 26 Jan 2004 03:35:44
  • GM only made from from finance unit, not cars!, Pete Saab 9-5, Mon, 26 Jan 2004 09:03:59
    • GM also owns and makes more with Ditech n/m, davenew, Tue, 27 Jan 2004 14:18:35
  • And that's just cars..., bRAD, Mon, 26 Jan 2004 08:34:05
  • Re: Ford drops to 3rd, chris74, Mon, 26 Jan 2004 04:39:27
    • It's all management mess up.. more, Jon906, Mon, 26 Jan 2004 07:33:02 <-- Viewing This Message
    • Hybrid=>Re: Ford drops to 3rd, Chan, Mon, 26 Jan 2004 07:28:27
      • Re: Hybrid=>Re: Ford drops to 3rd, chan, Mon, 26 Jan 2004 07:35:50
        • Toyota's got 'em, hook, line, & sinker, jeff, Mon, 26 Jan 2004 09:11:55
          • Toyota Hybrid SUVs coming soon, No.9, Tue, 27 Jan 2004 19:41:03
          • Re: Keep in mind, aside from all their SUV's and...., Gehn, Mon, 26 Jan 2004 13:42:23
          • Re: Yes, but......, JLowe, Mon, 26 Jan 2004 09:34:09

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