Henry Raymond

Fairfax News => Current News & Events => Topic started by: Henry on January 03, 2008, 04:14:39 PM

Title: First Time Since 1931 Ford Not Second Behind General Motors
Post by: Henry on January 03, 2008, 04:14:39 PM
Toyota overtook Ford to become the No. 2 automaker in U.S. sales in 2007.

The Japanese car maker used new products to break Ford's 75-year lock on the position.

Toyota sold 48,226 more cars and trucks than Ford, according to new sales figures.

Toyota's sales were up 3 percent for the year, helped by new products like the Toyota Tundra pickup, which saw sales jump 57 percent.

Ford's sales fell 12 percent, ending a year that is expected to be the worst for the auto industry since 1998.

Ford's corporate historian said it is the first time since 1931 that Ford wasn't second behind General Motors.