"DH" <
[email protected]> wrote in message
news:
[email protected]om...
> http://www.nytimes.com/2005/12/20/business/worldbusiness/20cnd-toyota.html
>
I forgot, NYT requires registration (which did not appear to increase SPAM).
Here's the first few paragraphs for those that prefer not to register:
Toyota, With 2006 Forecast, Challenges for Top Car Maker
By JAMES BROOKE
and MICHELINE MAYNARD
Published: December 20, 2005
NAGOYA, Japan -- The Toyota Motor Co. announced Tuesday that it planned to
make 9.06 million cars worldwide in 2006, a 10 percent increase that could
help it to snatch from General Motors the crown of world's largest carmaker,
a title GM has held for over 70 years.
Toyota's springboard would be an expected 9 percent growth in worldwide
sales in 2005, a surge that would help make Japan's largest carmaker the
world's most profitable. In 2005, Toyota expects to make 8.25 million cars
worldwide.
GM has not forecast its 2006 production. It had forecast that it will make
9.1 million cars in 2005, a 2 percent increase over last year. But it also
has announced that it will close three American car plants in 2006, part of
a plan to close a total 12 plants and shed 30 percent of its North American
capacity by 2008.
Toyota, in contrast is expanding in North America. Next year, the company is
to open a factory in Texas, capable of making 200,000 pickups a year. The
following year, a Subaru plant in Indiana is to start making 100,000 Toyotas
a year. In 2008, Toyota is to open a new factory in Ontario with a 100,000
vehicle capacity.