NEW YORK: Toyota Motor Corp grabbed the United States sales crown from General Motors Co (GM), swiping an honour that the Detroit automaker has held since Herbert Hoover was president.
If GM’s explanation is to be believed – that its 43% fourth-quarter sales decline and 13% tumble for the year stemmed from a semiconductor shortage – then last year’s sales race was really a supply-chain pageant. Whoever could best cajole stretched chip producers for more product came out a winner.
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