Word: toyotas
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Further dinging Detroit's pride, Toyota managed to end the century-long reign of Ford and Chevrolet as the best-selling car and truck brands in the U.S. Toyota finished the year with U.S. sales of 1,957,575 vehicles, while General Motors' Chevrolet brand sold 1,801,131. Even if the 113,904 vehicles Toyota sold under the Scion name were subtracted from the Japanese automaker's totals, Toyota still beat out Chevrolet. As recently as two years ago, Chevrolet held a commanding lead. (Read "The Bailout Report Card: From...
Ford, however, still had the best-selling vehicle in the U.S., as its F-Series pickup truck claimed top honors for the 32nd year in a row, underscoring the enduring popularity of the American pickup even in hard times. The Toyota Camry was the second best-selling vehicle in the U.S., while the Chevrolet Silverado pickup truck came in third, according to preliminary sales figures released by the manufacturers...
Even the new sales king, Toyota, saw its crown tarnished. Despite heavy advertising, Toyota's December sales slid 37.5%, and yearly sales were down 15.7%. Honda also reported a 34.7% decline in December but a modest 8.2% decrease for the year...
Moreover, the financial crisis and drastic slump in sales that has sent companies like Toyota reeling has rocked Chrysler to its foundation. Four senior executives, including the chief marketing officer and the head of Chrysler's fledgling operations in Asia, have left the company in the past 10 days...
...Getting into his Toyota Prius, Fukasawaguchi says that when he moved to Tokyo as a young man he didn't bother telling people where he was from because no one knew of Kuzumaki. It's different now, he says; the town is familiar to Japanese throughout the country. Whether it is ultimately recognized as a beacon pointing the way toward an oil-free energy future, or as a well-intentioned but ultimately misguided experiment, only time - and perhaps oil prices - can determine...