Toyota Motor Corp's four-year run as the world's top-selling automaker has ended as the Japanese company said yesterday its global sales for 2016 fell short of Volkswagen AGs. Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands rose 0.2 per cent to 10.18 million last year from 2015. This was less than the 10.3 million sold by Volkswagen, which posted record high global sales despite its diesel emissions scandal. Toyota's overall global sales were supported by a 5.5 per cent rise in domestic sales for the Toyota brand following new launches for models including the Prius, while overseas sales slipped 0.6 per cent as demand eased in North America, in and around the Middle East and Africa. Toyota, which had been the world's top-selling automaker on an annual basis since 2012, estimates global sales to increase to around 10.23 million vehicles in 2017. IEA does not foresee oil demand peaking soon, Birol says The International Energy Agency (IEA) did not expect oil demand to peak any time soon due to rising consumption in developing economies, director Fatih Birol said yesterday. Birol also warned that oil markets could enter a period...
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