Toyota Motor plans to make a record 8.79m vehicles under the Toyota and Lexus brands in 2013 and 9.5m in 2014, a member of the Toyota labour union federation said.
The automaker also plans to produce 3.02m vehicles in Japan in 2013 and 3.0m in 2014, sticking to its pledge to continue making at least 3m cars at home, said a member of the Federation of All Toyota Workers’ Union who spoke to Reuters on condition of anonymity.
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Toyota presented the figures to labour unions during pay negotiations, he said.
Toyota could not be immediately reached for comment.
The ramp up in production comes in the midst of a shift in Toyota’s capital expenditure plan.
The automaker, which expanded too fast to meet booming demand and then tripped when the financial crisis and the yen’s rise hit, has said it will not build new factories over the next three years except for ones it has already announced investments in, despite a weaker yen boosting its profits.
Instead, it will increase production by fully utilising and operating existing plants, Senior managing officer Takahiko Ijichi told Reuters.
Last year, Toyota regained the title as the world’s best-selling automaker, beating General Motors and Volkswagen.
It made a record 8.74m vehicles globally under the Toyota and Lexus brands. For the entire Toyota group, which includes Daihatsu and Hino, production was 9.91m vehicles.
