Toyota leads Volkswagen and General Motors in the first nine months of the year, as the world's biggest selling automaker. Toyota has reported record sales of 7.615 million vehicles, up nearly 3 percent from the previous year.
Toyota progects annual sales of 10.2 million vehicles this year, which would be a record for the automobile industry. The maker of the Camry sedan, the Prius hybrid and the Lexus luxury models, is doing well despite difficulties in its home market, where an increase in the sales tax has dampened spending, especially automobile purchases.
Toyota traditionally downplays it's position at the top, but Volkswagen and G.M. have been close behind. Volkswagen, which nudged G.M. out of second in the first half of the year, stayed ahead of G.M., even though G.M. had its best third-quarter global sales since 1980, led by strong sales in China and growth in North America.
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