Toyota Eyes 20% Sales Increase in 2012

2012 Toyota Camry 1 photo
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.
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About the author: Mihnea Radu
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Mihnea's favorite cars have already been built, the so-called modern classics from the '80s and '90s. He also loves local car culture from all over the world, so don't be surprised to see him getting excited about weird Japanese imports, low-rider VWs out of Germany, replicas from Russia or LS swaps down in Florida.
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