: Toyota gains on GM in global race

05-16-05, 09:49 AM
Toyota Motor Corp. last year took a big bite out of General Motors' lead as the world's No. 1 automaker.

Toyota gained by nearly 600,000 vehicles on GM to close to within 1.38 million sales in 2004, according to Automotive News' annual ranking of the world's automakers by sales and production.

That puts Toyota on a path to catch GM within two or three years if the trend holds. (http://www.autonews.com/article.cms?articleId=53059)