Toyota: new King in town

It is real. It is a milestone. It is something that seems like a new age:

• Toyota Motor Corp. became the world's top auto seller in the first three months of the year, passing rival General Motors Corp. for the first time, the Japanese automaker said Tuesday.

It is bad news for GM? Possibly, no. Wagoner was cutting fleet contracts, which contribute mainly to poor margins. But Toyota is telling to the world, that its long term strategy is paying off. Toyota long term strategy focus on quality and efficiency is paying off.

Let's see, if automakers will learn the same way Boeing did in the past. Boeing faced EADS (Airbus), and is again on top of the hill.

Again, automakers need new corporate leadership like Sloan or Iacocca.