Toyota overtakes Ford as world's No.2 auto maker

Newswire

By Chang-Ran Kim and Justin Hyde TOKYO/DETROIT, Jan 26 (Reuters) - It's official: Japan's Toyota Motor Corp has unseated Ford Motor Co as the world's second-biggest auto maker. The long-anticipated switch came as the U.S. "Big Three" lost customers to Japan's top auto makers in their own backyard last year, and as Toyota drove aggressively into the red-hot Asian car market, a weak spot for U.S. makers. Toyota is steadily marching towards its goal of grabbing 15 percent of the global ...

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