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According to reach, Toyota's numbers are extremely strong; net profit and sales have reached outstanding records. Toyota, has a reputation for reliable, fuel-efficient cars, has received a large jump from the rise in oil prices. It also is a leader in producing hybrids, which use electricity and gasoline. Toyota has long beaten struggling General Motors Corp. in profitability, but it still trails GM in annual global vehicle production. GM its group automakers produced 9.18 million vehicles worldwide in 2006 ? about 162,000 vehicles more than its Japanese rival. However, the Detroit-based GM plans to shut 12 factories in North America by 2008 in response to declining demand for trucks and sport-utility vehicles while Ford Motor Co...
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