Toyota eyes 10 million annual sales by 2015


Despite worldwide recalls and shrinking sales, Toyota Motor Corp. have set its sights on an industry first 10 million annual sales by 2015, news reports say.

The prediction from company president Akio Toyoda came today as he revealed the automaker’s “global vision” to press in Japan.

According to The Associated Press, Toyota reported worldwide sales of 8.42 million
vehicles last year, beating General Motors by a mere 30,000 units.

Toyota also hopes to achieve an annual operating profit of 1 trillion yen ($11.6
billion) “as soon as possible,” even if the yen remains strong and vehicle sales drop by 20 per cent, Toyoda told reporters.

- With files from The Associated Press