GM moves ahead of Toyota in global sales
After three-month absence, U.S. automaker gains a slight edge
While both sides contend it means very little, General Motors has inched back ahead of Toyota in worldwide sales after a three-month absence from its traditional top spot. Not that there’s a lot of difference: GM has sold 7.06 million vehicles in the first three quarters of 2007, while Toyota is at 7.05 million vehicles through nine months.
CNN Money quoted John McDonald of GM as saying the rankings are just one way of keeping score. "We're not focused on being No. 1 and who's No. 2," said McDonald. "We like being No. 1. We've been No. 1 for 76 years on an annual basis. But while it's a real interesting story to the media, I don't know a single customer who uses that criteria when making the decision on where to buy a vehicle."
GM reported stronger sales in China, the fastest growing market for cars, and in Asia as a whole. GM’s sales in Asia were up 16% in the third quarter.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey