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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." (Read more General Motors stories.)