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Toyota Tops GM In Sales, A First

Toyota topped General Motors last year in U.S. auto sales, the first year in recorded history that a foreign automaker has outsold American manufacturers.“The dominance of the U.S. automakers of the U.S. market is just over,” Erik Gordon, a business professor at the University of Michigan, told The New York Times. “Toyota might not beat GM again this year, but the fact that they did it is symbolic of how the industry changed. No U.S. automaker can think of themselves as entitled to market share just because they’re American.”

Read the whole story at The New York Times »

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