Toy­ota over­takes VW to re­gain lead in ve­hi­cle sales

The Malta Business Weekly - - INTERNATIONAL -

Toy­ota has re­turned to the top slot in global ve­hi­cle sales af­ter re­leas­ing fig­ures for the first nine months of the year.

The Ja­panese car­maker sold 7.5 mil­lion in the first three quar­ters of 2015, beat­ing Volk­swa­gen's 7.43 mil­lion and Gen­eral Mo­tors' 7.2 mil­lion.

Af­ter six months of the year, VW was ahead of Toy­ota, in pole po­si­tion for the first time.

VW's emis­sions scan­dal emerged to­wards the end of Septem­ber.

The dis­cov­ery of soft­ware that was able to mis­lead emis­sions tests on diesel cars may have more ef­fect on VW's sales in the re­main­der of the year.

Toy­ota's sales for the first nine months were 1.5% be­low the level at the same stage last year.

Toy­ota first over­took GM to take the top slot in 2008 and has kept it ev­ery year since, ex­cept 2011 when GM was the top seller af­ter a tsunami in north-east­ern Ja­pan dis­rupted Toy­ota's pro­duc­tion.

Sep­a­rately, there was re­lief for Gen­eral Mo­tors on Sun­day when it reached an agree­ment with the United Auto Work­ers union, avert- ing a threat­ened strike.

De­tails of the four-year labour deal were not re­leased. It will now go to a vote of UAW lead­ers and then the union's 52,700 work­ers at GM.

"We be­lieve that this agree­ment will present sta­ble long-term sig­nif­i­cant wage gains and job se­cu­rity com­mit­ments to UAW mem­bers now and in the fu­ture," said UAW pres­i­dent Den­nis Wil­liams.

The union had threat­ened that it would ter­mi­nate its ex­ist­ing con­tract at mid­night East­ern time on Sun­day, mean­ing there could have been a strike.

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