Wed | May 22, 2019

Toyota’s, Nissan’s global sales fall short of Volkswagen’s

Published:Sunday | February 3, 2019 | 12:29 AM
In this May 10, 2017, file photo, a visitor walks past the logo of Toyota Motor Corp. at a Toyota showroom in Tokyo. Toyota Motor Corp. said on Wednesday, January 30, 2019, that it sold 10.59 million vehicles globally last year, fewer than the 10.83 million delivered by German rival Volkswagen AG.
FILE - In this Nov. 22, 2018, file photo, people stand near the logo of Nissan Motor Co. at Nissan Motor Co. Global Headquarters in Yokohama near Tokyo. Nissan Motor Co. said Wednesday, Jan. 30, 2019, global sales totaled 5.65 million vehicles last year, while Renault SA of France, which owns 43 percent of Nissan, recorded global sales of 3.9 million vehicles. (AP Photo/Eugene Hoshiko, File)
Toyota Research Institute Advanced Development (TRI-AD) CEO James Kuffner speaks during a workshop in Tokyo, Wednesday, Jan. 30, 2019. (AP Photo/Koji Sasahara)
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TOKYO (AP):

Toyota Motor Corp sold 10.59 million vehicles globally last year, fewer than the 10.83 million delivered by German rival Volkswagen AG, the Japanese automaker said on Wednesday.

Separately, Nissan Motor Co said its global sales totalled 5.65 million vehicles last year, while Renault SA of France, which owns 43 per cent of Nissan, recorded global sales of 3.9 million vehicles.

Nissan owns 34 per cent of smaller Japanese rival Mitsubishi Motors Corp, which sold 1.2 million vehicles last year.

That adds up to 10.75 million vehicles, although that is not the official alliance tally.

The numbers released on Wednesday underscore intense competition among the automakers.

US automaker General Motors Co was the No. 1-selling automaker for more than seven decades before losing the title to Toyota in 2008. Its sales have shrunk in recent years, and the Detroit-based automaker is no longer really a contender in what is turning out to be a three-way race.

Nissan, Japan’s second biggest automaker, has recently been rocked by a scandal after the arrest in November of Carlos Ghosn, the executive sent in by Renault to lead Nissan for two decades.

The allegations against him centre around financial misconduct, such as underreporting compensation from Nissan and having Nissan shoulder investment losses. Ghosn has said he is innocent.

Toyota’s vehicle sales last year were up two per cent from 2017, while Nissan’s fell nearly 3 per cent. Mitsubishi’s was up 18 per cent on-year, and Renault’s sales were up 3 per cent.