After more than seven decades on top, General Motors Corp. is no longer the world’s top-selling automaker. Toyota sold2.35 million cars and trucks in the first quarter of 2007, while GM sold 2.26 vehicles. Besides having relied too much on the SUV market, GM faces retiree pension and health care costs that Toyota doesn’t — so a comeback could be difficult. But Toyota’s biggest competitive advantage and its key to success, BusinessWeek reported, is its "deeply ingrained commitment to manufacturing excellence."
Posted by Phillip Brownlee
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