Tags: Toyota | car | sales | auto

Toyota Cruises in Fast Lane to Record Global Sales

Monday, 29 Oct 2012 08:40 AM

Toyota is shrugging off a sales plunge in China set off by a territorial dispute and says it's headed to a record year on the back of strong growth elsewhere.

Toyota Motor Corp. Executive Vice President Yukitoshi Funo acknowledged Monday that achieving the company's 9.76 million vehicle sales target for this year will be harder because of the problems in China. Violent protests and a call to boycott Japanese goods erupted after Tokyo nationalized tiny islands that are controlled by Japan but claimed by Beijing.

But Funo is confident overall global vehicle sales will hit a record, surpassing the record 9.37 million vehicles sold in 2007, as growth in other parts of the world, such as the rest of Asia and the U.S. offsets the losses in China.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Companies
Toyota is shrugging off a sales plunge in China set off by a territorial dispute and says it's headed to a record year on the back of strong growth elsewhere.Toyota Motor Corp. Executive Vice President Yukitoshi Funo acknowledged Monday that achieving the company's 9.76...
Toyota,car,sales,auto
128
2012-40-29
Monday, 29 Oct 2012 08:40 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved