Toyota News info on 28 Aug 2008 06:08 am
Toyota Motor Corp. President Katsuaki Watanabe speaks to reporters …
(AP) - Toyota Motor Corp. President Katsuaki Watanabe speaks to reporters after his 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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