Toyota sets sights on GM once again

Toyota is taking a run at the 30-year-old global sales record held by General Motors and said it plans to sell 10.4 million cars globally...

Toyota is taking a run at the 30-year-old global sales record held by General Motors and said it plans to sell 10.4 million cars globally in 2009, the AP reports. The company is planning to boost sales not only in North America and Europe but in other emerging markets as well including Brazil, India, China and Russia.

Analysts say Toyota is "likely" on pace to surpass GM as the world's top automaker in global vehicle sales and production in 2007--a spot that GM has held for 76 years.

We have provided extensive coverage of Toyota's rise over the past year including its surpassing GM as the world's top auto seller, its entry into NASCAR, the launch of the 2007 Tundra, and the big three's reaction to the Japanese automakers' rise.

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