Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

Sign in to follow this  

Report: Toyota trimming global production goals for 2011

Recommended Posts

Report: Toyota trimming global production goals for 2011

by Zach Bowman (RSS feed) on Dec 7th 2010 at 10:01AM

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.



Share this post

Link to post
Share on other sites


By Drew Johnson

Still hampered by a number of recent safety recalls, Toyota has reportedly slashed its global sales forecast for 2011. The reduction is also blamed on slower sales in Toyota’s domestic market.

According to Japan’s Asahi Shimbun, Toyota has reduced its 2011 global sales forecast by 200,000 units. Toyota expects to produce 7.8 million vehicles next year, marking the third straight year the Japanese automaker will miss the 8 million unit milestone.

Through the first 10 months of 2010, Toyota produced 6.37 million units – essentially matching its total for the entire 12 months of 2009. Despite the slight recovery, Toyota was the only major automaker to post a sales decline in the U.S. last month.

In addition to its woes in the U.S., Toyota is also facing sales declines in its home market of Japan. Government incentives for fuel efficient vehicles expired in September, with sales dropping off in the subsequent months.



Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets



Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.