GM shrinks sales gap with No.1 Toyota after firm Q2
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General Motors Corp. narrowed the  gap with top seller Toyota Motor Corp. in the first half of  2007 thanks to a solid second quarter, although demand  continued to fall in its home North American market.
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General Motors Corp  posted a 5-percent gain in U.S. sales for August on Tuesday, bucking a downtrend for the embattled industry linked to a weaker housing market and a shakeout in subprime lending.
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General Motors posts global 2007 sales of 9,369,524 vehicles - putting it in a near dead heat with Toyota.
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TOKYO -- Toyota plans to sell 10.4 million vehicles globally in 2009, it said Friday, a sales target that would put the Japanese automaker ahead of a record set by world leader General Motors 30 years ago.
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It was effectively a tie, but General Motors emerged from last yearâs hard-fought global sales race with Toyota feeling like the winner.
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As it tries to overtake General Motors as the leading global automaker by sales, Toyotaâs strategy of  shifting its focus to emerging markets from the United States appears to be paying off.
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Demand for passenger cars amid high gas prices drove U.S. sales increases in May for General Motors Corp., Toyota Motor Corp. and Nissan Motor Co. as industrywide sales rebounded slightly from a weak spring.
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G.M. said it sold 9,369,524 vehicles, a 3 percent increase. Toyota last week reported its sales as a rounded 9.37 million, 6 percent more than in 2006.
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General Motors Corp. said sales in August grew 3.9 percent from a year ago, boosted by new car introductions and remodeled sport-utility vehicles. It was the beleaguered auto giant's first year-over-year sales increase since January.
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General Motors Corp.  on Tuesday posted a steeper-than-anticipated 24 percent drop in June sales, as U.S. automakers lost share and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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General Motors Corp.  said on Thursday that U.S. sales rose 3.4 percent in February, driven by an increase in retail sales, but set its target for second-quarter production 5 percent lower than a year ago.
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Global sales at Japanese carmaker Toyota are briefly overtaken by rival General Motors, figures show.
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General Motors Corp.  on Friday cut its outlook for industry-wide U.S. auto sales in 2007, estimating annual sales of about 16.8 million vehicles, down from an earlier forecast of 17 million units.
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General Motors Corp. posted an  unexpected monthly sales rise on Thursday and Japan's Toyota  Motor Co. made further market inroads as February U.S. auto  sales avoided the slump most analysts had predicted.
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General Motors Corp. GM.N on Tuesday  posted a 6 percent drop in U.S. vehicle sales for December,  ending a year when it lost more than 1 percentage point of U.S.  market share.
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The slight rise in sales in September was not enough to prevent General Motors and DaimlerChrysler from losing market share to Toyota.
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The number 1 U.S. automaker slides on 5.2% reduction in December sales.