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:

Pin It

Comments

Recommended

To the proud owners and owner-to-be of the Porsche 991 Carrera GTS, there's good news for you all. German automobile manufacturer Porsche recently confirmed to the public that the Porsche...
by - March 23, 2017
McLaren diehards, this is the moment that you're all waiting for. The British automaker recently publicized the teaser outline of its new automobile that will hit the streets soon, dubbed...
by - March 23, 2017
PSA seems very confident about conquering the world. The purchase of Opel/Vauxhall for €2.2 billion ($2.3B) from General Motors makes PSA the second largest car company, just behind the Volkswagen...
by - March 23, 2017
Reporting for duty. It’s been a year since the Victoria Police was loaned a new Mercedes-AMG GLE 63 S Coupe. In those 12 months, the coupe served as the law...
by - March 23, 2017
After making its debut at the Paris Motor Show last year as a concept car, the Trezor by Renault managed to bring home the 2016 Concept Car Design Of The...
by - March 23, 2017
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