Volkswagen Loses Top Sales Spot to Toyota
An article in the New York Times stated that Volkswagen had lost its title as the world’s largest automaker to Toyota. VW occupied the top spot for the first half of 2015 based on total vehicle sales but after third quarter sales were reported, Toyota had once again regained the title as the biggest automaker in the world. However, the article claims that VW’s drop in sales were more likely due to a slowdown of sales in Brazil and China and not due to the company’s emissions scandal. Analysts said that VW’s fourth quarter sales will be a more accurate reflection of how the scandal has affected the company’s reputation worldwide.