Toyota Targets 8 Million Cars Built In 2012

Toyota Targets 8 Million Cars Built In 2012

Toyota is eager to regain its “world’s largest automaker” title back. So by 2012, if things go according to plan, expect to see a lot more Toyota products on the roads: 8 million, to be specific.

This target is 1 million more than what Toyota will build this year. The company is gunning for this lofty production target in emerging markets like China and India, where sales are booming. To reach this goal, Toyota plans to build new factories in China and Brazil with the capacity to build 170,000 compact cars. It also plans to expand production in India by 50,000 vehicles, as well as expanding at other plants in China and Thailand.

America will get involved, too: a plant in Mississippi will open up in the fall, with a capacity of 150,000 vehicles. And back home in Japan, Toyota will increase daily production by 2-3,000 vehicles, to 15,000 per day. A new compact hybrid will comprise part of that production.

[Source: Nikkei via Morningstar]

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