(AP) - Toyota Motor Corp. President Katsuaki Watanabe, center, accompanied by executive vice presidents, speaks to reporters during a press conference at a hotel in Tokyo Thursday, Aug. 28, 2008. Toyota lowered its global sales target for 2009 to 9.7 million vehicles on Thursday, down from an earlier 10.4 million vehicles, blaming ‘tough times,’ caused by rising material costs, a slowing U.S. market and soaring gas prices. Watanabe said Japan’s biggest automaker will continue to boost growth by focusing on gas-electric hybrids as a core strategy, and offsetting declining U.S. and European demand with sales in emerging economies. (AP Photo/Katsumi Kasahara)

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(AP) - Toyota Motor Corp. President Katsuaki Watanabe, center, accompanied by executive vice presidents, speaks to reporters during a press conference at a hotel in Tokyo Thursday, Aug. 28, 2008. Toyota lowered its global sales target for 2009 to 9.7 million vehicles on Thursday, down from an earlier 10.4 million vehicles, blaming ‘tough times,’ caused by rising material costs, a slowing U.S. market and soaring gas prices. Watanabe said Japan’s biggest automaker will continue to boost growth by focusing on gas-electric hybrids as a core strategy, and offsetting declining U.S. and European demand with sales in emerging economies. (AP Photo/Katsumi Kasahara)

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This entry was posted on Thursday, August 28th, 2008 at 4:24 am and is filed under Toyota News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.