Toyota will reach 1 million new-car sales in Europe within two years

Article by Christian A., on June 9, 2011

Didier Leroy, Toyota Motor Corp.’s head in Europe operations, disclosed in an interview with the Financial Times that the company will reach 1 million sales from new vehicles in the region within two years, a level that it last obtained before the global financial crisis.

Leroy, who is CEO of Toyota Motor Europe, stated that there is “absolutely” no reason why the company should sell less than 1 million units in the region by 2012 or 2013.

He added that the company will start to expand in the pan-European market. In 2005, Toyota Europe first achieved sales of 1 million, and obtained a record 1.2 million in 2008, prior to sharply dropping during the financial crisis and being met with a series of recalls that adversely affected the company’s reputation.

Last year, the company sold 808,000 units in Europe and Russia, but its sales this year will be "much higher than that," Leroy told the Financial Times.

With the introduction of a new variant of Toyota Yaris compact vehicle later this year and the launch of the Lexus CT200h gasoline-electric hybrid compact hatchback, the company forecasts a boost in sales.

In addition, Leroy stated that the company expects to regain the 40,000 vehicle production units that had been lost in Europe after the March 1 disaster in Japan.

Topics: toyota, europe, sales

If you liked the article, share on:

Comments

Recommended

Ferrari is cooking up something interesting for us. The last time they released the 488 GTB was two years ago, followed by a 488 Spider and several versions of it....
by - April 26, 2017
After launching the latest version of the BMW M550i xDrive, the German carmaker is now introducing its diesel counterpart -- the new M550d xDrive (G30/G31). Available either as a sedan...
by - April 26, 2017
A lot of news has been going around about the 2018 Dodge Challenger SRT Demon lately, and people are arguing whether the 840 horsepower vehicle by Fiat Chrysler should be...
by - April 26, 2017
Ford Motor Company revealed that the Mustang is the world’s best-selling sports car for 2016. This is in addition to being the best-selling sports car in the U.S. for five...
by - April 26, 2017
Bad news for BMW, their new flagship sedan, the 2017 BMW M760Li xDrive is already being recalled not so long after its release. Why so soon, you ask? Well, an...
by - April 26, 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