Toyota numbers top GM's early figures

Toyota's sales are booming because of its strong image worldwide.
TOKYO (AP) -- For the first time ever, Toyota sold more vehicles globally in a quarter than General Motors, preliminary January-March figures show, the clearest sign yet that the Japanese company is on track to overtake its U.S. rival as the world's top automaker.
Toyota Motor Corp.'s success is fueled by robust demand for its reliable, fuel-efficient models, including the Camry, Corolla, Yaris and gas-electric hybrid Prius.
It also comes at a time when General Motors Corp., which lost 2 billion last year, has been forced to scale back production and cut costs in a bid to revive its sliding fortunes, even as it leads in China's booming market.
Final bragging rights as the world's top automaker -- a title GM has held for 76 years -- won't be decided until global vehicle production numbers get tallied for the full year.
But Tuesday's data show that Toyota is getting closer.
The Japanese company sold 2.35 million vehicles worldwide in the first quarter, Toyota said, surpassing the 2.26 million vehicles GM said it sold in the period, according to preliminary figures.
In 2006, Toyota's global output rose 10 percent to 9.018 million vehicles, while GM and its affiliates produced 9.18 million vehicles worldwide -- a gap of about 162,000. In the first quarter, Toyota made 2.37 million units while GM had expected to produce 2.34 million during the same period, and has not given a final number.
Ecological technology
Analysts say Toyota is building on its lead by investing in ecological technology, opening plants around the world, developing new models and wooing drivers with solid marketing that drives home its brand power.
Those are precisely areas in which GM has fallen behind Toyota, analysts say. GM will be hard-pressed to play catch-up, making it more likely that Toyota will outstrip GM for the full year, they say.
"Toyota sales are booming because of its good image around the world about reliability and ecological technology," said Koji Endo, auto analyst with Credit Suisse in Tokyo. "It's just the opposite for GM, and its image is deteriorating."
GM said that although Toyota won the first quarter, the fight for global leadership is not over for the year. A company spokesman said it would not chase market share solely to recapture the lead from Toyota, and it has no special plan to retake the lead.
"We also had a record first quarter globally. We set sales records in three out of our four regions," said spokesman John McDonald.
"We've got our first quarter underneath our belt. Let's see what the rest of the year holds for us. We're going to fight for every sale," he said.