TME anticipates that steady growth in Western Europe will be accompanied by accelerated growth in Eastern European and Russian markets enabling it to continue to challenge its sales targets.
With its new St. Petersburg plant, where the Camry will be manufactured, opening in 2007 in Russia, Toyota's sales growth will be supported by a manufacturing network of nine plants to provide a European production capacity in excess of 850,000 units.
For 2006, Toyota has set the European target of exceeding 1 million units in Toyota brand sales and 48,000 units in Lexus brand sales. Operating at record capacity, Toyota aims to produce 806,000 cars, 860,000 engines and 575,000 transmissions in 2006.
The announcement for Toyota’s European sales targets comes as the company is about to set a global sales target of 9.8 million units in 2008. Toyota Motor Corporation has a global consolidated sales target of 8.85 million units this year.