Toyota sold more cars and trucks around the world in the first three months of 2007 than any other manufacturer, surpassing General Motors for the first time and ending one of the longest runs of dominance in all of global industry.Toyota Overtakes G.M. in Sales for First Time (New York Times, April 24, 2007)
Toyota’s ascendancy, which many in the industry have predicted for some time, is another milestone in America’s long decline from unchallenged industrial preeminence.
Anyone who has driven a Camry or Prius lately, vs. the latest offerings from GM and Ford, will have no difficulty parsing this story.
I'll be watching from the sidelines with considerable interest to see how the Asian countries manage the 21st century.
It's pretty much theirs to manage.