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HomeAutoToyota outsells GM in U.S. for first 9 months of 2021

Toyota outsells GM in U.S. for first 9 months of 2021

FILE PHOTO: The brand new GM brand is seen on the facade of the Basic Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Prepare dinner/File Photograph

WASHINGTON, Oct 1 (Reuters) – Japanese automaker Toyota Motor Corp (7203.T) outsold Basic Motors Co (GM.N) in america for the primary 9 months of 2021 because the Detroit automaker grappled with manufacturing issues stemming from the semiconductor chip scarcity.

Toyota in the course of the first 9 months offered 1.86 million automobiles in contrast with GM’s 1.78 million, or simply over 80,000 extra automobiles, knowledge launched on Friday confirmed.

GM has been the most important vendor of automobiles in america since 1931, when it surpassed Ford Motor Co (F.N), based on knowledge from business publication Automotive Information.

GM has been arduous hit by the chip disaster nevertheless it mentioned that beginning subsequent week most of its North American crops could be operating at common manufacturing.

GM mentioned its third-quarter U.S. gross sales fell almost 33% to 446,997 automobiles, its worst gross sales quarter in additional than a decade, based on Automotive Information. GM’s gross sales are up 0.1% for the primary 9 months. Its shares, which have gained greater than one-fourth in worth this yr, closed up 0.8% on Friday.

Toyota, the world’s greatest automaker by quantity, mentioned its U.S. gross sales rose 1.4% to 566,005 automobiles within the quarter and are up 27.9% within the first 9 months.

GM spokesman Jim Cain mentioned on Friday, “We actually want we had just a few extra semiconductors and I guess Toyota needs that they had just a few extra pickups and SUVs. No person must be making long-term judgments concerning the market” primarily based on the gross sales numbers impacted by the chip disaster.

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A Toyota spokesman mentioned the U.S. gross sales figures in 2021 have been an anomaly as a result of chips concern and the automaker emphasised it has by no means been targeted on being No. 1 when it comes to gross sales.

Vehicles use chips of their infotainment programs, whereas the pandemic has fueled larger demand for chips as extra folks make money working from home and rely on smartphones and different electronics.

For all of 2020, GM offered 2.55 million automobiles in america in contrast with Toyota’s 2.11 million, which was forward of Ford’s 2.04 million.

For the quarter, Nissan’s (7201.T) U.S. gross sales fell 10%, whereas U.S. gross sales of Chrysler guardian Stellantis (STLA.MI) have been down 19%.

Reporting by David Shepardson in Washington and Abhijith Ganapavaram in Bengaluru
Modifying by Maju Samuel and Matthew Lewis

Our Requirements: The Thomson Reuters Belief Ideas.

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