Toyota Overtakes GM in Q1

US giant's worldwide sales off 0.6% as overseas growth mitigates domestic dip
By Nick McMaster,  Newser Staff
Posted Apr 23, 2008 1:29 PM CDT
In this Feb. 12, 2008 file photo, the General Motors Corp. headquarters are shown in Detroit.    (AP Photo/Paul Sancya, file)
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(Newser) – GM’s vehicle sales fell 0.6% in the first quarter, helping Toyota, on 2.7% growth, take the global sales lead, the Wall Street Journal reports. Toyota sold 2.41 million vehicles worldwide to 2.25 million for the American giant, which was hurt badly by a 10.2% drop in US sales. GM blamed tough economic times, noting solid overseas figures nevertheless.

"We obviously want to win, and we'd like to be No. 1 in sales at the end of the year," a GM executive told the AP today, noting the company's ongoing North American overhaul. "But really our focus right now is on profitable, sustainable growth across the world."