After facing a catastrophic tsunami in Japan and floods in Thailand that crippled its production facilities and hurt sales last year, the Toyota group is well on track to reclaim its title as the world’s bestselling automaker in 2012.
The Japanese automaker recorded 4.97 million sales in the first six months of the year, up 34 percent from the same period in 2011, leading General Motors by some 300,0000 vehicles and the Volkswagen Group by around 520,000 sales, BusinessWeek reported.
Many industry analysts believe that Toyota has rebounded stronger than expected and that even if the company may start to lose some momentum in the second half, it will be difficult for GM and even more so Volkswagen to catch up.
However, most point out that even though GM wouldn’t mind being No1 in the industry, what counts more is for the company to be profitable.
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