Friday, December 23, 2005

Toyota to pass GM

Toyota will probably pass General Motors soon, becoming the world's biggest car company, according to Ad Age.

Toyota is planning to increase production capacity by about 10%, at the same time GM is closing several plants.

Like anyone cornered, GM's management is trying to pass the blame: "Toyota’s announcement came two weeks after GM Chairman-CEO Rick Wagoner criticized Japan’s 'unfair trade practices' to artificially weaken the yen in a Wall Street Journal op-ed piece."

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