Comin' Through!
Toyota is on track to pass General Motors this year as the world's No. 1 auto company. How GM plans to fight back.
By Keith Naughton and Allan Sloan
Newsweek
March 12, 2007 issue - General Motors and Toyota were once neck-and-neck when it came to developing high-mileage gasoline-electric hybrid cars. About a decade ago, you see, both firms had cracked the code on how to engineer a hybrid, and GM even had a running prototype. But the new technology was so costly that the automakers would have had to initially sell hybrids at a loss to build a market for them. The differing paths the two companies took symbolize why Toyota has become wildly profitable in the United States while GM has been losing its shirt in its home market. And why Toyota, riding GM's bumper, is likely to pass it this year to become the world's biggest car company.
LINK TO FULL ARTICLE
Why Toyota is Becoming the World's Top Carmaker
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by rufaro, Mar 7, 2007.