Photo: Toyota
We really don’t know what sort of exhaust fumes they’ve been sniffing, but after the announcement that they are cutting the profit forecast for the 2011 fiscal year by 54%, Toyota now swings it the other way, saying that 2012 will see a 20% increase in global sales.
According to AutoNews, the Japanese automaker is going to kick-star its business back into life, as it recovers from the effects of the natural disaster in Japan and Thailand. Toyota is likely to lose its crown of top performer on the global market and will likely end 2011 with 7.9 million sales, behind GM and Volkswagen.
But pent-up demand for their products and adding new production facilities and growing emerging markets will go some way toward a recovery. Thus Toyota expects to sell 8.48 million cars next year and closer to 9 million a year after that.
But pent-up demand for their products and adding new production facilities and growing emerging markets will go some way toward a recovery. Thus Toyota expects to sell 8.48 million cars next year and closer to 9 million a year after that.
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