Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« Sinopec unit completes production trials of renewable aviation fuel; seeking certification | Main | Nikkei: Isuzu, Mitsubishi Motors and Mazda weakening ties with Europe »

Print this post

Toyota targeting production of more than 10 million vehicles in CY 2012

6 August 2012

Toyota Motor Corporation (TMC) has revised its calendar year 2012 sales and production plans, targeting worldwide production of 10,050,000 vehicles and worldwide sales of 9,760,000 vehicles for the year.

The production target reflects a 28% increase in combined Toyota, Daihatsu and Hino from earlier plans and a 23% increase in combined sales. The company is planning a 28% increase in production of Toyota vehicles alone to 8,870,000 units.

TMC’s prior production record was approximately 9.5 million units in 2007; the subsequent financial crisis brought production down to about 7.23 million units in 2009.

Toyota forecasts that its sales in Japan will increase 33% to 2,370,000 units, while overseas sales will rise 20% to 7,390,000 units.

The company also announced financial results for the first fiscal quarter ended 30 June 2012. On a consolidated basis, net revenues for the first quarter totaled ¥5,501.5 billion (US$70.1 billion), an increase of 59.9% compared to the same period last fiscal year. Net income increased from ¥1.1 billion yen to ¥290.3 billion (US$3.7 billion).

Consolidated vehicle sales for the first quarter totaled 2,269 thousand units, an increase of 1,048 thousand units compared to the same period last fiscal year.

  • In Japan, vehicle sales totaled 577,000 units, an increase of 285,000 units compared to the same period last fiscal year. (+98%)

  • In North America, vehicle sales totaled 663,000 units, an increase of 387,000 units compared to the same period last fiscal year. (+140%)

  • In Europe, vehicle sales totaled 209,000 units, an increase of 35,000 units. (+20%)

  • In Asia, vehicle sales totaled 418,000 units, an increase of 159,000 units. (+50%)

  • In Central and South America, Oceania and Africa, vehicle sales totaled 402,000 units, an increase of 182,000 units. (+83%)

In all regions, vehicle sales increased significantly due to strong recovery of demand which had suffered last year from the lack of supply caused by the Great East Japan Earthquake. Despite the yen’s appreciation, operating income increased substantially thanks to increased vehicle sales and cost reduction efforts including our company-wide VA activities.

—TMC Senior Managing Officer Takahiko Ijichi

August 6, 2012 in Sales, Vehicle Manufacturers | Permalink | Comments (4) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef0176170af015970c

Listed below are links to weblogs that reference Toyota targeting production of more than 10 million vehicles in CY 2012:

Comments

Toyota may be back into its rightful first place in 2012 with over 10,000,000 units. It will also be far ahead with Hybrids.

HarveyD

Why is this Toyota's rightful place? To me they seem to build mostly relatively unexciting cars for people that do not like cars. Maybe the cost and perceived reliability are in line but certainly they are certainly not at the top for technological innovation. I will give them credit for having been out front with the hybrids but Ford's Hybrids look better and Toyota's hybrid technology looks increasing dated. Both GM and Ford are leading in turbo-charged direct injection engines and in an apple to apples comparison get better fuel economy. I am not sure about Ford but none of GM's current engines (including the new 1.25 l Spark engine) use a timing belt cam drive which is a cheap manufacturing solution that requires an expensive customer replacement every 100,000 km. I know at lesat the 2.0 l Ford EcoBoost runs roller chain and the 3.5 l V6 Ecoboost runs inverted tooth timing chain (also called silent chain).

sd...it seems that Toyota was taking a pause while others were catching up? By 2013/2014, Toyota will have to pull out a few re-engineered models using lithium or post lithium batteries and a few other goodies and it will do so.

Of course, Toyota is ahead becase they are behind.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2013 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group