By William Maley
Staff Writer - CheersandGears.com
January 28, 2013
Toyota has regained the world's largest automaker crown for 2012. The automaker was able to bounce back in 2012 after the earthquake and tsunami rocked Japan last year and a large amount of recalls that caused them to lose the largest automaker title in 2011.
Toyota and its subsidiaries delivered 9.75 million vehicles last year, ahead of General Motors which delivered 9.29 million vehicles and Volkswagen which delivered 9.09 million vehicles. Toyota sales grew worldwide by 23% in 2012, with Japan seeing the largest increase in sales of 35%. In the U.S., Toyota's market share grew to 14.9% in 2012.
Toyota forecasts that will deliver 9.91 million vehicles in 2013. This is due to company forecasting continued growth in the United States and a recovery in China where Japanese automakers saw a drop in sales due to a land dispute between the two countries. Toyota also expects a weakening Yen to help out as well.