Toyota targeting production of more than 10 million vehicles in CY 2012
06 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
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.
Posted by: HarveyD | 06 August 2012 at 08:35 AM
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).
Posted by: sd | 06 August 2012 at 05:02 PM
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.
Posted by: HarveyD | 07 August 2012 at 08:26 AM
Of course, Toyota is ahead becase they are behind.
Posted by: ToppaTom | 17 August 2012 at 06:48 PM