Toyota Surpassed GM as Top Carmaker in 2006:

TOKYO June 12, 2007; Reuters reported that the milestone that the global auto industry has been holding its collective breath for -- Toyota Motor Corp.'s unseating General Motors Corp. as the world's biggest carmaker -- came last year instead of in 2007 as many had expected, according to a leading industry journal.

Detroit-based weekly Automotive News, whose data centre publishes a widely quoted ranking of the world's automakers around this time every year, said Japan's top carmaker outsold GM by about 128,000 units last year based on a technicality that excludes sales of vehicles at minority-held subsidiaries.

"A little-known Chinese microvan played a role in Toyota's victory," the magazine, published by Crain Communications, said on its website.

In its final tally for 2006, GM included the seven-seat microvan and other Wuling-brand vehicles built by a three-way venture with China's Shanghai Automotive Industry Corp. (SAIC) and Liuzhou Wuling Automobile even though it owns less than half of the company, the journal said.

Automotive News credited 51 percent-owner SAIC for the 420,140 units the venture sold in 2006, putting GM's global sales at 8,679,860 units in 2006, against 8,808,000 for Toyota.

In its ranking, Automotive News Data Center includes sales of a subsidiary in the total for the parent company with the majority stake.

GM, which is in the throes of sweeping restructuring but is growing rapidly in China, has claimed the top spot for 76 years, including 2006.

In April, Toyota and GM announced sales figures for the first quarter of 2007 which showed the Japanese automaker edging past its U.S. rival by 90,000 units. The news prompted extensive media coverage as the first time ever for the switch at the top.

Toyota's figures, which correspond with Automotive News' tally, include sales at units Daihatsu Motor Co. and Hino Motors Ltd. GM's comprises a dozen brands, including Chevrolet, Buick, Opel and Saab.

Toyota is almost certain to take the lead for all of 2007 even by GM's count after it projected sales of 9.34 million units against the U.S. giant's forecast for 9.2 million.