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Volkmar Denner, 64, has been in the driving seat at the world’s largest auto parts maker since 2012. His contract was due to run until mid-2022
Automobiles10 months ago
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Toyota overtakes Volkswagen to become world’s biggest car seller
Tokyo - Toyota said it had sold 9.53 million vehicles around the world last year.
Japan’s Toyota reclaimed the title of world’s top-selling automaker in 2020, according to data released by the firm on Thursday, pushing Volkswagen into second place for the first time in five years.
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Toyota said it had sold 9.53 million vehicles around the world last year, overtaking the 9.3 million sales made by its German rival.
The Japanese giant took the lead despite a decline in global sales of more than 10 percent as the auto industry suffered the effects of the coronavirus pandemic.
“Despite the Covid-19 pandemic... Toyota was able to continue corporate activities through comprehensive implementation of various infection prevention measures, and by working together with partners including suppliers and dealers,” it said in a statement.
That was still better than the more than 15 percent drop in sales Volkswagen announced earlier this month.
Toyota said it had benefited from a jump in sales in China, which were up over 10 percent year-on-year, and a better-than-expected performance globally in the October-December quarter.
The last time Toyota held the top spot was in 2015, with VW edging it out in the following years.
Photo: Reuters
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