Toyota surpasses GM

There's big news in the automotive industry. Toyota has surpassed General Motors in global sales in the first quarter of 2007.

Toyota sold 2.3 million cars worldwide. While GM lagged behind by 90,000 losing its 76-year lead as the world's biggest automaker. Analysts blame rising gas prices for some on the industry's declining sales.

Toyota has significant presence in Kentucky. The company's north American manufacturing headquarters is in Erlanger, Ky., and they also have a plant in Georgetown, Ky.

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