TECH - Toyota Was Right? Japanese Automaker Trails GM In America — But Hybrid Strategy Gives It Edge In EV War | Benzinga
General Motors (NYSE:GM) maintained its position as the best-selling automaker in the U.S. at the end of the first quarter, edging out its Japanese competitor, Toyota Motor‘s (NYSE:TM) regional unit. This comes despite an overall sales decline for GM and Toyota’s rising popularity in hybrid vehicles.
GM Leads in Overall Sales, Trails in Electrification
GM reported total sales of 594,233 vehicles in the U.S. for the first quarter, outselling Toyota’s 565,098 units. However, the picture is different in the electrification race. Toyota significantly outpaced GM, selling 206,850 ...