Toyota Motor Corporation is a Japan-based company mainly engaged in the automobile business and financial business. The Company operates through three business segments. The Automobile segment is engaged in the design, manufacture and sale of car products including passenger cars, minivans and trucks, as well as the related parts and accessories. The Finance segment is involved in the provision of financial services related to the sale of the Company's products, as well as the leasing of vehicles and equipment. The Others segment is involved in the design, manufacture and sale of housings, as well as information and communication business.
Toyota Motor Corp. said Tuesday it aims to lift its global sales by 3% to 8.61 million vehicles in 2011, as it expects overseas growth to offset sluggish demand in Japan.
The world's biggest car maker by sales volume expects to boost overseas sales by 8% to 6.68 million vehicles during 2011, but expects its domestic sales to fall 12% to 1.93 million after the expiry of government subsidies in September of this year.
For 2010, the company estimates global sales of 8.37 million, up 7% from the previous year.
Toyota plans to produce 8.69 million vehicles globally in 2011, up 2% from its estimated worldwide output of 8.55 million vehicles for this year.
The targeted and estimated sales and production numbers include vehicles sold and produced by its Daihatsu Motor Co. and Hino Motors Ltd. subsidiaries.
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