According to a report by Bloomberg today, Toyota Motor Corp. overtook General Motors and Volkswagen last year in global sales after the massive Tsunami and earthquakes that shook Japan. Moreover, the car manufacturer managed to regain its position regardless of record recalls.
In 2012 Toyota’s sales rose 23 percent to 9.75 million cars according to a statement released by Toyota.

In the coming months the automaker will present a refurbished Corolla, its second-most popular car in the U.S. last year. The company will also work with Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, to produce a midsize sports car and set up partnerships to create fuel-cell systems, lightweight materials and lithium-air batteries, the companies said Jan. 24, according to Bloomberg.

Investor attitudes toward Toyota have become better since yen dropped against all major currencies last month.