Jan 5, 2022 - Economy
Toyota ascends to No. 1 automaker in U.S.
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GM and Ford may be making progress on electric vehicles, but Toyota became the best-selling automaker in the U.S. in 2021, usurping GM for the first time with strong sales of hybrid vehicles and SUVs.
The big picture: GM held the title since the Great Depression but has been losing market share for decades. GM's slide is partly by design. The automaker has discontinued a slew of passenger car models to focus on more-profitable SUVs and pickups.
