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Thursday, December 22, 2011

Toyota Motor Vehicle Sales forecast 2012

Toyota Motor Vehicle Sales forecast 2012 : Japanese carmaker Toyota Motor Corp on Thursday announced it was aiming for record global sales of 8.48 million vehicles in 2012, an increase of 20 per cent on the current year, spurred by a high demand in emerging markets. The carmaker's last record sale of 8.43 million vehicles was reached in 2007.

Earlier in December, Toyota cut its forecast net income for this fiscal year by more than half because of the strength of the yen and flooding at many of its factories in Thailand.

Its profits first took a hit after the March 11 earthquake and tsunami in north-eastern Japan, which affected many of its factories. It said Thursday that it also plans to roll out 8.65 million vehicles in 2012, an increase of 24 per cent from this year.

It was targeting overseas sales of 6.95 million vehicles this year, an increase of 19 per cent year-on-year; and 1.53 million in Japan, an increase of 28 per cent.

The carmaker said earlier this month that it estimated net income for the year ending March 31 would be 180 billion yen (2.3 billion dollars), down 54 per cent from the 390 billion yen forecast in August.

It said net revenues would reach 18.2 trillion yen for the year, after earlier forecasting 19-trillion-yen in revenues.

The Thai floods affected Toyota's facilities north of Bangkok. A shortage of parts supplied by the factories also affected production in the United States, Indonesia and the Philippines. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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