Toyota global sales forecast rises on green demand
TOKYO (AP) - January 25, 2012 (WPVI) -- Toyota is raising its global sales target for this year to 8.58 million vehicles as incentives for ecological cars lift demand in Japan. That forecast is up 21 percent from its sales in 2011.
Toyota Motor Corp. struggled from production interruptions last year because of Japan's tsunami and flooding in Thailand. But it raised its forecast for Japan sales Wednesday to 1.63 million vehicles from an earlier 1.53 million.
Toyota is unlikely to be back as the world's top automaker. General Motors Co. regained that spot last year, selling 9.03 million vehicles, the crown it had for seven decades before losing it to Toyota in 2008.
toyota, japan, automobiles, business/finance
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