Toyota Motor plans to increase its annual global production of vehicles with the Toyota and Lexus brand names in 2012 to a record 8.9m units as supply chain conditions have improved since the March disaster, company officials have said.
The new target – 3.5m units in Japan and 5.4m units overseas – will be the largest for the leading Japanese automaker, exceeding the 8.53m units achieved in 2007 and 7.15m planned for 2011, Kyodo News reported.
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Its group vehicle production could reach 10m units if output of affiliates Daihatsu Motor and Hino Motors are added.
Toyota will mainly increase the production of eco-friendly vehicles in Japan by launching a new hybrid model, which is smaller than the Prius hybrid, and establish plants in China and Brazil to further expand its operation in emerging markets, the officials said.
By setting a high goal well in advance, the automaker is apparently giving time for its business partners such as parts suppliers to be fully prepared, Kyodo noted.
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