Toyota cuts global sales target to 9.5M vehicles

[Sulu]

...A Japanese newspaper is reporting that the automotive juggernaut has unofficially revised its 2008 sales forecast from an ambitious 9.85m vehicles to a still blistering 9.5m units. Not only is the high price of gas and a dismal U.S. market contributing to Toyota's woes, it's also seeing slower than anticipated sales in Japan and Europe. The news comes a month after Toyota announced U.S. cuts of its trucks and SUVs. Helping to mitigate the sales decline are the white hot emerging markets of Russia, China, and India, where Toyota is doing very well.

...The news isn't all bad for Toyota, as reaching 9.5m units would still be the most Toyota has produced in one calendar year. Toyota is expected to officially announce changes to its global sales projections by the end of July.

Source: http://www.autoblog.com/2008/07/16/t...9-5m-vehicles/

In comparison, Toyota sold 9.37million vehicles in 2007.

[mikered30]

What is GM's forecast?

[100$ GUY]

Where is the official announcement by toyota?

They are still growing, and yes, me too wonders about the GM forecast.