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Detroit Report: General Motors in Near Tie with Toyota on Global Sales

DETROIT – General Motors Corporation, the world's largest automotive company for 76 years, turns a century old in 2008. But, it may have fewer bragging rights because it's

Is GM or Toyota, with its best selling Camry, number one? (Photo: Justin Couture, American Auto Press)

possible that Toyota Motor Corp. has taken the global sales crown from GM.

If the official 2007 global sales figures of GM and Toyota that were released in late January are taken at face value, GM barely remains the world's number one automaker. GM reports that it sold 9,369,524 vehicles in 2007 while Toyota stated sales of 9.366 million, separating them by roughly 3,000 units.

More importantly, though, Toyota is the most profitable auto company in the world, having earned $14 billion in profits in 2006 (the last figures currently available), while
GM posted a $2 billion net loss a year ago.

General Motors' sales figures were disputed by Automotive News, the influential trade newspaper, in its January 24, 2008 story. As noted by journalist Charles Child, GM included in its totals the 516,435 vehicles sold by the SAIC-GM-Wuling joint

GM's Buick division now sells more cars in China than it does in the U.S. (Photo: Jonathan Yarkony, American Auto Press)

venture in China. GM only owns 34 percent of the joint venture – with the Chinese companies Shanghai Automotive Industry Corp. owning 50.1 percent and Wuling Motors the remaining 15.9 percent.

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