Toyota sees world output at 10 mlliion units in 2008

According to Japanese newspaper Nikkei, Toyota has told its parts maker that it plans on increasing global output over 10 million vehicles.

Other than the United States, where Toyota is already enjoying growing sales, the Japanese auto maker expects growth in other markets as the demand for fuel efficient vehicles is increasing. Last year, Toyota passed GM in sales by 128,000, taking the number one spot as the largest auto maker.

According to Nikkei, Toyota now expects to build 10.4 million cars as a group in 2008. In 2007, Toyota set its sales goal at 9.74 million.

Upcoming vehicles including another hybrid-only model as well as the next-generation Toyota Prius.


Source: Reuters

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