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Business

  • Toyota sells 2.58 million vehicles, outselling GM
    Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota Motor Corp.
  • City hosts AEP meeting
    American Electric Power told investors the company is on firm financial footing, even as it moves to diversify its energy sources to depend less on coal.
  • Home sales hit 20-month low; expect rebound
    Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
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Toyota world’s top selling car maker for 2nd year

– Toyota remains the top automaker in global vehicle sales for the second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013.

Toyota Motor Corp. says Thursday it sold 9.98 million vehicles worldwide last year, up 2 percent from the previous year, when it bounced back from an earthquake that devastated northeastern Japan in 2011.

Toyota plans to sell 10.32 million vehicles globally in 2014.

No automaker has ever topped global annual sales of 10 million.

General Motors Co. sold 9.71 million cars and trucks worldwide last year, outselling Volkswagen AG of Germany at 9.5 million.

Toyota recaptured the global sales crown in 2012 from GM, which had been the top-selling carmaker for more than seven decades until being surpassed by Toyota in 2008.

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