GM Falls Further Behind Toyota in Global Sales on U.S. Declines
July 23 (Bloomberg) -- General Motors Corp. fell further behind Toyota Motor Corp. in global sales during the second quarter as a deteriorating U.S. market damped the Detroit-based automaker's gains in Asia and other emerging markets.
GM said in a statement today it sold 2.29 million vehicles, a 5 percent decrease from a year earlier, in the three months through June 30. The Japanese carmaker said today that its preliminary sales rose 1.8 percent in the period to about 2.41 million.
U.S. sales for GM fell 21 percent during the quarter, while Toyota's dropped 7.8 percent.
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