Toyota Boosts Production in Bid for Sales Crown

Toyota Boosts Production in Bid for Sales Crown

Toyota is on track to be the world’s largest automaker again, and apparently, the automaker agrees, having just increased production this year by about 300,000 vehicles.

This boost means that Toyota, the largest automaker in Japan, is looking to produce about 10 million vehicles in 2012, well out of GM’s reach. Toyota says they are revising the figure based on higher than expected sales during the first half of 2012 in key markets like Japan and the US.

Plans from Februrary called for production of 9.58 million vehicles under the Toyota, ScionLexus, Hino and Daihatsu brands. This was revised in May with a figure of 9.7 million. Adding the current 300,000 vehicle increase brings it to 10 million. Analysts predict GM’s figure to be in the low 9 million range.

VW was the second largest automaker last year, partly due to Toyota being crippled by natural disasters and recalls. The same analysits expect VW’s figures to be around 8.9 million unless they include Porsche. This inclusion would boost the figures by maybe a couple of hundred thousand at the most.

[Source: The Truth About Cars]