Richard Clough and David Welch

Business

GM Loses Spot Atop US Car Market to Toyota

GM Loses Spot Atop US Car Market to Toyota A 2021 Chevrolet Silverado on a lot at the Green Chevrolet dealership in East Moline, Ill. (Daniel Acker/Bloomberg)

For the first time since 1931, General Motors Co. isn’t the top-selling automaker in the U.S. The Detroit-based company lost its crown to Japanese rival Toyota Motor Corp., which boosted sales 10% last year despite a 28% decline in the fourth quarter.

January 4, 2022