Whoops! Toyota’s Still Number One
Looks like the announcement earlier this week that VW was the world’s top-selling automakers was premature. Turns out Toyota still holds the crown. The VW numbers included sales from partner companies, including those which the German giant holds only a small stake in. By using the same standard, Toyota’s overall sales would run at a rate of just under five million vehicles–or a half-million more than VW. Anyone else think this is over-complicating a very simple question: Who’s selling the most cars?
eBay Now Offering Free Vehicle History Reports
eBay Motors is now offering free history reports for car buyers. The reports are done through Experian Automotive and will cover vehicles from the 1981 model year and up. The reports are automated; sellers will not be able to opt-out. The move is intended to foster buyer confidence after reported instances of salvage and stolen vehicles coming up through transactions.
GM Out of Bankruptcy, Lutz Stays, and a New Logo?
GM will announce later today that it’s emerged from Chapter 11 bankruptcy after just forty days. That’s a big feat and important step in a full recovery. There will still be further cuts from company: four thousand employees will be dropped and sixteen plants will be idled or closed. GM will run on just four brands here in North America: Chevrolet, GMC, Buick, and Cadillac. The company will also have to contend with poor car sales across the board and rising unemployment throughout the country.
In other news, Vice-Chair Bob Lutz will hold off on retirement and remain with the company for an unclear amount of time. This coincides with a report that GM may change its logo to something greener.
I’m not sure how valid that logo story is, but it’s good to hear Lutz is staying on board for little longer.
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