GM, Ford, and DaimlerChrysler will soon by tiny specs in Toyota’s rear view mirror, according to CNN Money.
Toyota’s 2005 profit of $11.4 billion was greater than the combined earnings of the other 12 auto companies in the world. This year they will become king of the road, taking the mantle from GM as the biggest auto manufacturer by selling 8.85 million vehicles.
The keys to Toyota’s success are growth in hybrid vehicle sales, which will accelerate as the company rolls out the Camry and Lexus GS Hybrids this year, and the ability to cut costs. Toyota engineers have halved the cost of manufacturing their Camry engines.
Toyota estimates that drivers of Toyota and Lexus hybrids have saved more than 110,000,000 gallons of gasoline as of January 31, 2006.
The seemed to have forgot to mention that they make a damn fine motor vehicle as well. Honestly I’d never buy anything else. Every Toyota I’ve ever owned has never caused a problem. My experiences with Fords and Holdens on the other hand… Ive never owned a Nissan or Honda but I’m told they are dearer to service, and Mitsubishi’s aren’t to bad, but they just aren’t an exciting motor vehicle.