Toyota has achieved its goal as the world’s top automaker faring better than America’s big 3. They have been improving their sales margins with a diversified line that caters more to economy rather than luxury which is the goal US car makers took. Being the biggest car maker in the world, they are however feeling the crunch of the global economic slowdown and are planning to stop production for the time being so as to deplete stocks in their inventory.
The Japanese car maker has been aiming for the top spot since it took on the challenge and produced car after car that are economical and thus cheaper than their American counterparts. They have had a hybrid on the market for quite sometime and expect to release a totally electric one by 2010.