Toyota May Lose Crown

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VW's surge in market share is driven in part by government incentives.
But the big question is: What are the Japanese and Europeans doing right that Detroit should emulate?

Volkswagen may beat Toyota as top seller

TOKYO/FRANKFURT (Reuters) -- Volkswagen's global vehicle sales fell by 11.4% in the first quarter but its market share gains may have let it overtake Japan's Toyota Motor as the world's top-selling automaker.

Government incentives in key markets have fueled demand for the German group's vehicles, limiting its sales decline even as the global market shrank by more than a fifth.

VW's first-quarter group sales of 1.39 million vehicles - excluding truckmaker Scania but including VW trucks and buses for two months - gave it a global market share of 11%, up from 9.7% a year earlier, it said in a statement.

Toyota has given no forecast for retail sales, but its latest estimate for shipments for the 2009 first quarter is 1.23 million vehicles, down 47% from a year earlier.

Read about VW's surge.

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This page contains a single entry by Muhammed El-Hasan published on April 17, 2009 2:08 PM.

EL-HASAN: San Pedro's Tall Beauty was the previous entry in this blog.

Ford Beats Honda?? is the next entry in this blog.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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