Toyota's global car sales
For three years in a row, Toyota has been the largest automaker in the world, based on calendar year sales figures. The company designs, manufactures and sells passenger vehicles, trucks and motorcycles under five brands, including the millennial-targeted brand Scion and the luxury brand Lexus. In the long run, it is expected that Germany’s Volkswagen Group, currently the second largest automotive manufacturer globally, will overtake Toyota both in terms of sales revenue and production output. Both companies have entered partnerships with automobile manufacturing joint ventures in China, although Toyota’s vehicle sales in the world’s largest automobile market are miniscule compared to VW’s 3.7 million deliveries. Between January and June 2014, Volkswagen and joint ventures claimed the title as China’s leading passenger vehicle manufacturer, while Toyota continued to struggle. Toyota’s China woes aside, key figures for the Japanese company are shining bright, particularly terms of sustainability. Its market value outperforms the likes of Facebook, Amazon or the China Construction Bank. Furthermore, Toyota Motor Company is believed to be the most profitable carmaker worldwide, raking in gross profits of around 33 billion U.S. dollars (or 3.39 trillion Japanese yen) in the fiscal year ending March 31, 2014.