TOYOTA: The largest automobile seller globally for the past four years, Toyota, stands dethroned as German auto manufacturing giant Volkswagen achieves greater sales in the January—June 2016 period.
The fall in Toyota sales globally has come about as the combined result of significant disruptions in the production line due to natural disasters in Japan and the slump in sales in key North American markets. Production facilities remained shut across Japan as the country was racked by strong earthquakes this year. Two of Toyota’s leading auto brands, Prius and Camry, sold approximately 5 million units. Read More: