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Toyota to reclaim top automaker spot

3:39 PM, Dec 26, 2012   |    comments
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(CNN) - Toyota is set to overtake General Motors and reclaim "the world's biggest car maker" title for 2012.

The Japanese carmaker said Wednesday its worldwide sales should rise 22 percent this year, to 9.7 million vehicles.

Meanwhile, GM is on pace for full-year sales of about 9.3 million vehicles.

Toyota's success comes despite a series of recalls, a record US safety fine and a boycott by some Chinese buyers from a territorial dispute.

Toyota has staged its comeback after losing the top spot to GM in 2011, when Toyota's sales and production were hit by Japan's earthquake and tsunami.

CNN

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