Toyota Posts Weak China Sales

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By Douglas A. McIntyre Published
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Sales of Toyota (NYSE: TM) cars and light trucks rose only 4% in China last year to 833,000

The largest Japanese car company faced two hurdles in the People’s Republic. The first is that an end to tax incentive in 2011 cause overall car sales in the country to slow. The second is that Toyota’s global production was hurt by the March earthquake.

No matter the cause GM (NYSE: GM) and VW and their joint venture partners in China have a commanding market share lead, and Toyota is small enough in the country that it will be hard to break those locks.

China passed the US as the largest car market two years ago. It yielded sales of nearly 16 million, and despite modest growth, industry leaders believe it is the key to larger profits among multinational manufacturers

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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