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Jul 23
2008
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Toyota says it sold 4.8 million vehicles worldwide in first half, up 2 percent on yearPosted by Tomoko in Untagged |
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TOKYO (AP) -- Toyota Motor Corp. sold 4.8 million vehicles worldwide in the first half of the year, up 2 percent from the same period a year ago, the Japanese automaker said Wednesday.
Toyota's global vehicle sales have been about the same recently as those of U.S. automaker General Motors Corp., the world's top automaker.
Toyota spokesman Hideaki Homma said the company sold 4,817,941 vehicles globally during the first six months of the year.
GM was expected to release figures later in the day.
Automakers have been struggling lately to maintain sales momentum amid soaring motor fuel prices. Toyota has a reputation for high-mileage cars such as its hit gasoline-electric Prius hybrid, but it is still facing the challenge of sluggish auto markets in the U.S., Europe and Japan.
Expectations have been high that the pace of Toyota's recent global sales growth will diminish despite stronger sales in emerging markets, such as India.
Toyota has said it expects to sell 9.85 million vehicles worldwide this year, up 5 percent from last year. But it may lower that target when it updates its strategy next month.
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