Toyota Forecasting 8 Million Units For 2012

Toyota Forecasting 8 Million Units For 2012
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Toyota is projecting sales of 8 million units in 2012, according to parts suppliers who have been briefed by the auto maker. The projections do not include units sold by Toyota subsidiaries Daihatsu and Hino.

The last time Toyota sold such a volume was in 2007, when the company moved 8.42 million vehicles. Toyota expects sales of 7.48 million units in 2010 and 7.7 million in 2011.

Toyota also credited “emerging markets” as a source of growth, stating that traditional markets like North America and Europe will fall from comprising 67 percent of Toyota’s worldwide sales to less than 50 percent in two years.

[Source: Reuters]