Toyota and Lexus to build 8.79 million units in 2013, 9.5 million in 2014

Article by Anita Panait, on February 22, 2013

Toyota Motor Corp. is planning to build a record 8.79 million vehicles under the Toyota and Lexus brands in 2013 and 9.5 million in 2014, a member of the Federation of All Toyota Workers' Union revealed to Reuters. Toyota likewise plans to build 3.02 million vehicles in Japan in 2013 and 3.0 million vehicles in 2014, thereby sticking to its promise to continue building at least 3 million cars at home, the union member added.

The union member further told Reuters that the Japanese carmaker presented the figures to labor unions during pay negotiations. Toyota’s production increase comes in the midst of a shift in the carmaker’s capital expenditure plan.

Toyota expanded too quickly to meet high demand but hit a bump when the financial crisis occurred and the Japanese yen started to rise. The carmaker has said that as part of its capital expenditure plan, it would not construct new plants over the next three years except for ones it has already announced investments in.

The carmaker will instead hike production by fully utilizing and operating existing site, according to Senior Managing Officer Takahiko Ijichi. Toyota managed to regain the crown as the world's best-selling automaker, knocking out General Motors and surpassing Volkswagen AG. Toyota built around 8.74 million vehicles globally in 2012 under the Toyota and Lexus brands. For the entire Toyota group, which includes Daihatsu Motor Co and Hino Motors, total production was 9.91 million vehicles.

Topics: toyota, lexus, production

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
WM Motor, a new China-based automaker, recently revealed its forthcoming lineup consisting of affordable electric vehicles. While there is a company is the U.S. that has the same name, they...
by - December 8, 2016
Even when Aston Martin has been mum about the upcoming AM-RB 001 hypercar, Marek Reichman at least has something new to say. In a recent interview with Australia’s Motoring, the...
by - December 8, 2016
The people at Mercedes-Benz are rejoicing. This is simply because for the first time since 1979, Mercedes-Benz has assembled 20,000 – and still counting – examples of the Mercedes-Benz G-Class....
by - December 8, 2016
When Donkervoort Automobielen BV unveiled its Donkervoort D8 GTO-RS limited edition in May 2016, customer interest has been so overwhelming that the Lelystad, Netherlands-based carmaker sold out this one-of-a-kind vehicle...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries