According to Bloomberg News, in the first three quarters of this year, General Motors maintained its momentum of regaining its championship in the first half of the year, becoming the largest automaker in the world in the first three quarters.
According to the financial report of each car company, GM sold 6.788 million units in the first three quarters of this year, an increase of 9.2% year-on-year; the number of VWs that had previously won high praise was 6.17 million units (62.000 million units according to the public financial report), a year-on-year increase of 16.0%. In 2008, only 5.77 million Toyota had leapt to the top after GM's bankruptcy protection, a year-on-year decrease of 8.8%.
This year, Toyota Motors suffered heavy damage from outside conditions. The trend that began at the beginning of the year peaked after the March earthquake in Japan. In October, the floods in Thailand reduced the supply of parts in Southeast Asia, and Toyota Southeast Asia and the world’s production capacity were affected.
General Motors quickly recovered from the US market. According to Autodata Research, GM’s average discount for each vehicle in the United States last month was $3,070, which is second only to Chrysler among mainstream car companies.
However, GM’s third-quarter financial report showed that although its operating income increased by 7.8% year-on-year to US$36.719 billion, net profit of US$1.726 billion was down 11.9% from US$1.959 billion of the same period last year; diluted earnings per share were US$1.20 last year. It fell to 1.03 USD.
According to the financial report of each car company, GM sold 6.788 million units in the first three quarters of this year, an increase of 9.2% year-on-year; the number of VWs that had previously won high praise was 6.17 million units (62.000 million units according to the public financial report), a year-on-year increase of 16.0%. In 2008, only 5.77 million Toyota had leapt to the top after GM's bankruptcy protection, a year-on-year decrease of 8.8%.
This year, Toyota Motors suffered heavy damage from outside conditions. The trend that began at the beginning of the year peaked after the March earthquake in Japan. In October, the floods in Thailand reduced the supply of parts in Southeast Asia, and Toyota Southeast Asia and the world’s production capacity were affected.
General Motors quickly recovered from the US market. According to Autodata Research, GM’s average discount for each vehicle in the United States last month was $3,070, which is second only to Chrysler among mainstream car companies.
However, GM’s third-quarter financial report showed that although its operating income increased by 7.8% year-on-year to US$36.719 billion, net profit of US$1.726 billion was down 11.9% from US$1.959 billion of the same period last year; diluted earnings per share were US$1.20 last year. It fell to 1.03 USD.
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