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    December 27

    Toyota Plans To Maintain Lead Over GM In 2008


    The battle between the two big names in the auto industry just keeps on getting exciting as ever. It’s like a hot radiator ready to burst anytime! Toyota and GM, both successful in the past years, has taken the rivalry into the next level.

    According to The Auto Channel, Chang-Ran Kim, a writer for Reuters, reported that the Toyota Motor Corp. will blast off further into rising car markets to attain another successful year of record sales for the coming year. Toyota aims to stay on top as the world's prime automaker in front of General Motors Corp.

    The Japanese car manufacturer is the world's most gainful and valuable carmaker by now. It is projected that it will sell 9.85 million vehicles in 2008 - way beyond the estimated 9.36 million this year.

    "The Chinese market has undergone a significant change during the year," President Katsuaki Watanabe told a year-end news conference.

    "At the beginning of the year, we wondered if the total auto market would reach 8 million, and by mid-year we were looking at 8.5 million. Now it's possible the market will exceed 9 million," he said. "We need to figure out how to meet demand."


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