Toyota Motor slashes Thai sales target - Bangkok Post
Slow economic prospects and myriad risks have prompted Toyota Motor Thailand to cut its domestic sales target to 280,000 vehicles this year from an earlier projection of 330,000. The cut means the Japanese car maker's sales will fall for three... Toyota yesterday reported its sales fell by 24. 9% in the first half of the year to 123,125 vehicles, with its market share falling to 33. 4% from 37. 1%. Sales of its passenger cars totalled 53,285, down by 30. 3% year-on-year, while sales of its... "Despite better sales in the second half, I feel that this year will be the toughest one for Toyota since I started my position here in 2009," Mr Tanada said. Toyota also revised down its forecast of Thailand's overall vehicle sales from 920,000 to below 800,000 this year. Passenger cars totalled 146,862 units, down by 20. 1%, and commercial vehicles stood at 222,247, down by 13. 6%. . "The government should speed up its budget disbursement to stimulate the economy, which is the only driver to boost the automotive... Toyota still maintains its export target at 390,000 vehicles this year, down by 8. 4% from a year earlier and marking a contraction for the third straight year. Source: www.bangkokpost.com
