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Automobiles

Toyota leads global auto sales for 2nd year, navigating chip crunch

GM slides to No. 5 but surges in EV segment with Chinese joint venture

Toyota's group sales grew 10% to 10.5 million vehicles in 2021. (Photo courtesy of Toyota)

TOKYO -- Toyota Motor remained No. 1 in global vehicle sales for a second year in 2021, limiting the impact of a semiconductor shortage more successfully than rivals and widening its lead over second-place Volkswagen.

General Motors slid to fifth place with an overall sales drop of 13%, but it saw sales of electric vehicles surge 130%, fueled by strong Chinese demand.

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