Japanese automaker Toyota Motor Corp. (NYSE: TM) has raised its 2012 annual global sales forecast to 8.58 million units, an increase of 100,000 from the company’s previous forecast. Toyota expects to sell the additional units in Japan, where the government has recently restored subsidies for fuel-efficient vehicles. The forecast gain is 21% higher than 2011 sales, which suffered from parts shortages due to the earthquake and tsunami that hit Japan in March 2011.
General Motors Co. (NYSE: GM) was the global sales leader last year, with 9.03 million units sold worldwide. Volkswagen AG sold 8.16 million units last year to finish second in the league tables. Toyota was third with 7.9 million units sold.
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