• September 11, 2021

No Stops, Toyota’s Hot On Wheels

Automotive analysts predict that there is nothing stopping Toyota from becoming the number one automaker in the world. In fact, they added that the coming year could serve as a landmark setting for Toyota and dethrone General Motors.

Inflation in gasoline prices resulted in the car market shifting to gasoline-saving Toyotas. Auto parts for Toyota Camry are specially designed to save fuel. In addition, Toyota Corolla auto parts, which were the automaker’s best-selling vehicle, are also designed to increase reliability and fuel efficiency.

Overthrowing Ford Motor Corp. from its position as the second-largest automaker appears to be easy for the Japanese automaker. With quick but confident movements, Toyota landed in the second most coveted spot. To boost its potential, Toyota will open assembly plants in Russia, Thailand and China. “Everything is going well for Toyota in every possible way,” said Yasuaki Iwamoto, an automotive analyst at Okasan Securities in Tokyo. “Toyota has built a reputation for reliability and quality.”

Toyota intends to sell 8.85 million vehicles worldwide this year. Previously, he said he aims to sell 9.8 million vehicles in 2008. As for General Motors Corporation, it sold a total of 9.17 million vehicles in 2005. It is the second largest volume in the company’s history. “We are focused on making GM a more competitive and agile company that can generate sustained profits,” said spokesman Brian Akre. “We will not change our North American restructuring plan or sacrifice our profitability for a superlative.”

In a recent JD Power and Associates vehicle reliability study, Toyota won top honors in eight of 19 categories. In addition, its luxury brand Lexus was the highest ranked nameplate for the twelfth year in a row. Toyota is also renewing the interests of enthusiasts by launching a powerful hybrid Prius. The hybrid is equipped with cutting edge Toyota parts for Prius that are known for their high quality. This hybrid went on sale in 1997.

According to some Toyota officials, dethroning GM is not on their minds. “Our goal is to become number one with the customer,” said Toyota spokesman Paul Nolasco. “The increases that we are experiencing in production and sales are simply a reflection of consumer demand.” However, according to Bill Schwartz of TBM Consulting, a company based in Durham, North Carolina, “(beating GM) is inevitable, it will happen soon, and it will very likely happen next year. All Toyota curves go in the same direction. Right direction. And General Motors is going in the wrong direction. “

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