Report: Toyota trimming global production goals for 2011

[Haltech]

Filed under: Japan, Plants/Manufacturing, Toyota

According to Reuters, Toyota has scaled back its production forecasts for 2011. Thanks to slowly improving sales in the U.S., the automaker has trimmed its plans for next year from eight million vehicles to 7.8 million - a drop of 200,000 units. If that's the case, 2011 will mark the third straight year that the Japanese Automaker has fallen short of the eight million unit mark, excluding Daihatsu and Hino Motors. The report came courtesy of a Japanese newspaper, which cited an unnamed source for the information. Toyota does not publish its production plans.

Reuters says that in the first 10 months of 2010, the company managed to match 2009 production numbers with 6.37 million vehicles. While the final total for this year is expected to be a good deal higher, there's little chance of the company pre auto-industry crash figures this year or next. With government incentives for fuel-efficient vehicles, specifically hybrids, on their way out the door, Reuters reports that sales for the big three Japanese automakers have fallen considerably.

[Source: Reuters]Report: Toyota trimming global production goals for 2011 originally appeared on Autoblog on Tue, 07 Dec 2010 10:01:00 EST. Please see our terms for use of feeds.



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