Toyota has, as reported recently, revised its expectations for 2008, cutting 450,000 units from production schedules and 350,000 from sales forecasts.
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Worldwide production of Toyota brand vehicles will fall 1% to 8.43m units, a reduction of 450,000 units over the previous forecast, the automaker said in a statement, with Japanese output down 3% (200,000) to 4.1m and overseas production up 1% (250,000 units less) to 4.33m.
Worldwide sales of Toyota vehicles are seen increasing 1% to 8.5m, 340,000 units less than the previous forecast. Japanese domestic market sales will be down 2% to 1.55m (50,000 units lower) and overseas sales up 2% to 6.95m (a 290,000-unit cut).
Exports will be down 4% this year to 2.56m, a 180,000-unit cut from the forecast.
Daihatsu worldwide sales are now forecast up 5% at 880,000, a 10,000-unit cut. Worldwide production is unchanged at 950,000, 11% up.
Truckmaker Hino’s forecast is all but unchanged with both global production (up 10%) and sales (up 15%) seen at 120,000 units.
In total, global production of all three Toyota group brands is now seen unchanged at 9.5m units, a cut of 450,000 from the schedule.
Overseas production has been cut 270,000 units to 4.47m (up 2%) and Japanese production by 190,000 units to 5.02m (off 2%).
Global sales are seen growing 1% to 9.5m (a cut if 350,000 units). Overseas sales of 7.27m are up 2% and a cut of 310,000 units from the forecast. Japanese sales are seen down 1% to 2.23m, 40,000 units down. Exports of 2.77m will be down 4%, a 180,000-unit cut.
Toyota last year boosted global production 5% and sales by 6%.
