Toyota to boost global output by 17 per cent

Sunday, December 27, 2009
TOKYO: Japan’s Toyota Motor plans to boost its global production in 2010 by 17 per cent to about 7.5 million units, Japanese media reported on Saturday.

The output target which does not include Toyota group firms Daihatsu Motor and Hino Motors is still down about one million units from the peak year of 2007 and matches the level of 2005, the business daily Nikkei said.

But Toyota may raise its 2010 output further after taking into account the impact of the government’s decision to extend subsidies for purchases of environmentally friendly vehicles by six months to September 2010, the paper said. Following the global sales slump due to the financial crisis, Toyota early this year embarked on steep production cuts centred on its major markets Japan, the US and Europe