Summary Box: Toyota aims to sell 8.48M vehicles

AP News
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Posted: Dec 22, 2011 12:57 PM
Summary Box: Toyota aims to sell 8.48M vehicles

PEDAL TO THE METAL: Toyota is aiming for a comeback, targeting record global sales of 8.48 million vehicles in 2012 and an even bigger number in 2013, after being battered this year by the March disaster in Japan and flooding in Thailand.

GOING FOR THE RECORD: Toyota said its sales target for 2012 is based on achieving 20 percent growth from global sales this year. It would be a record high for the company. The automaker's current sales record of 8.43 million vehicles was attained in 2007.

COMEBACK KID? Toyota, Japan's top automaker, relinquished its title as the world's biggest in global vehicle sales for the first half of this year, sinking to No. 3 behind U.S. rival General Motors Co. and Volkswagen AG of Germany.