Toyota to over take GM as largest automaker
Toyota announced Tuesday a global production target of 9.06 million vehicles for next year which would position it to possibly over take General Motors as the world's largest automaker. For Toyota to accomplish this goal they would need to produce nearly 10 percent more vehicles then they will in 2005. GM is expected to produce around 9 million cars for 2006.
GM shares fell to an 18-year low of $19.63 on the news but rallied as trading progressed. GM shares were down 84 cents, or 4 percent, at $20.21 in late morning trading on the New York Stock Exchange. They have traded in a 52-week range of $20.60 to $40.82.
-->
 |
