Carmakers set high production targets

Japan's major carmakers believe passenger vehicle production will reach an all-time high this fiscal year, boosted by output in emerging markets.
Production plans already in place will see over 26m vehicles rolled off assembly lines in the 12 months to the end of March 2013, up 16% from the previous year. Assembly is ramping up in markets such as China, India and Mexico.
All of Japan’s manufacturers, with the exception of Mitsubishi, plan to build more vehicles than in fiscal 2007, when they produced a record 23.2m units.
Toyota plans to produce 8.7m vehicles with the start of production of the Corolla at a new joint venture factory in China. In southeast Asia, the company is boosting output of models like the Fortuner SUV and is also increasing production of the Aqua (Prius C) hybrid in Japan. Carmakers set high production targets
Posted by — Tuesday, June 19, 2012

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