GM Rises to No. 1 on Sales Toyota Can’t Match After Quake
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General Motors Co., less than two years after declaring bankruptcy, is poised to reclaim the global auto sales lead this year from a Toyota Motor Corp. rattled by natural disasters and reports of slipping quality.
GM may retain the top spot after auto-parts production in Japan recovers from the March 11 earthquake. Detroit-based GM plans to invest at least $5 billion in China to double sales to 5 million vehicles by 2015. After years of losing ground in the U.S. to cars like Toyota’s Camry, GM’s Malibu has won better reviews and a new version is coming.