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View Full Version : Toyota targets 8 million cars worldwide, plans hybrid Lexus


RetroJapan
12-21-2004, 03:32 PM
<b>Toyota targets selling more than 8 million cars worldwide, plans hybrid Lexus in 2006</b><p>Associated Press<p><br>TOKYO - Japan's top automaker Toyota hopes to sell more than 8 million vehicles worldwide next year and plans to introduce a hybrid version of its luxury sedan Lexus GS in 2006, company executives said Tuesday.<p>The Toyota group, which includes Daihatsu Motor Co. and truckmaker Hino Motors Ltd., is targeting global vehicle sales of 8.03 million in 2005, up 7 percent from the 7.47 million vehicles expected this year, President Fujio Cho said.<p>Toyota Motor Corp. expects sales growth in all key regions, including the United States, where sales will likely total 2.15 million next year, up from 2 million this year. In Japan, Toyota plans to sell 2.44 million vehicles, up from 2.39 million, Toyota said.<p>Takeshi Yoshida, the official in charge of Lexus, said after the news conference that a hybrid version of Lexus GS will go on sale in 2006 worldwide.<p>A hybrid switches between a gas engine and an electric motor to deliver the most efficient drive depending on the car's speed. It offers better mileage than regular cars and is attractive to people who want a more environment-friendly car.<p>Toyota has scored success with the hybrid Prius but doesn't yet have a luxury hybrid. It has said it plans to begin selling hybrid versions of its Highlander and Lexus RX SUVs in the United States next year.<p>Toyota is planning to introduce Lexus dealers for the first time in Japan in August next year.<p>Some cars sold as the Lexus abroad are already sold in Japan but under different names. The Lexus was first introduced in the United States in 1989 and is now sold in 60 nations.<p><A HREF="http://www.miami.com/mld/miamiherald/news/breaking_news/10466934.htm" TARGET="_blank">http://www.miami.com/mld/miami...4.htm</A>

bolita
12-23-2004, 01:33 PM
The growth of Toyota is IMO unparalleled by any other manufacturer. I guess there is no stopping them to become No. 1 en 2 - 3 years.<p>Even though I am no fan of Toyota this is a feat hard to dispute <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beerchug.gif" BORDER="0">

Santeno
12-23-2004, 01:49 PM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>bolita</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">The growth of Toyota is IMO unparalleled by any other manufacturer. I guess there is no stopping them to become No. 1 en 2 - 3 years.<p>Even though I am no fan of Toyota this is a feat hard to dispute <IMG NAME="icon" SRC="http://www.germancarfans.com/images/forums/beerchug.gif" BORDER="0"> </TD></TR></TABLE><br>Actually that depends on what you mean by number one. Once you add all of ford's brands sales, FOMOCO is still considerably bigger than toyota. The same goes for GM (only more so). Once you start counting other related businesses, the gap widens further. I have no doubt that Toyota will one day be the biggest auto manufacturer, I just don't see it happeneing in "2-3 years". 10-20 sounds more plausible.

thegriffon
12-27-2004, 11:33 PM
8 Million vehicles, not 8 million cars. The total includes Hino and Toyota medium and heavy trucks, a market both GM and Ford have largely gotten out of due to it's highly cyclical nature and low margins. The comparisons to GM also ignore the company's growth in Asia and the expansion of Chevrolet through GM Daewoo Europe, which could concievably add 1-2 million vehicles to GM's total.

spwolf
12-30-2004, 05:10 PM
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD><i>Quote, originally posted by <b>thegriffon</b> &raquo;</i></TD></TR><TR><TD CLASS="quote">8 Million vehicles, not 8 million cars. The total includes Hino and Toyota medium and heavy trucks, a market both GM and Ford have largely gotten out of due to it's highly cyclical nature and low margins. The comparisons to GM also ignore the company's growth in Asia and the expansion of Chevrolet through GM Daewoo Europe, which could concievably add 1-2 million vehicles to GM's total.</TD></TR></TABLE><p>lol - Hino sells few thousand trucks, not millions.<p>When people talk about Toyota and its growth they usually talk about the background of those numbers as well.<p>Toyota is currently the most sucessful manufacturer of vehicles in the whole world. They are the most profitable ones and manage to have the most complete lineup in single brand. Toyota could care less if they are 2nd or 3rd, they care about profits, and growth. And when we talk about growth, we mean natural growth and not buying other brands to keep your stocks up. That strategy certainly did not pay off for FORD.<p>As to 1. spot, that would have to happen within 10-15 years, sales volume wise. Profit wise, they already are the #1.