Toyota is close to beating GM as No. 1

From Reuters:

TOKYO (Reuters) - Japan's Toyota Motor Corp. (7203.T: Quote) took a step closer to unseating General Motors Corp. (GM.N: Quote) as the world's biggest automaker, outselling its U.S. rival by around 90,000 units in the first quarter.

Both auto giants reported record sales for January-March, but Japan's top carmaker inched past Detroit-based GM as it ate into the struggling icon's market share on its home turf...

For so long GM, which has been bleeding money like there's no tomorrow, was always considered No. 1 in the world because of their car sales (and that also mostly in North America). Now Toyota (which is the car manufacturing leader in every other aspect) is ever more closer to unseating GM from the top position which it has held for 76 years. It's about time Toyota is properly recognized as the No. 1!