Japanese automaker, stoking rivalry with General Motors, vows to sell 9.85 million vehicles worldwide. That would top most ever by GM in 1978.
NAGOYA, Japan (AP) -- Toyota, in a neck-and-neck race that could dethrone General Motors as the world's top automaker this year, said Tuesday it plans to sell 9.85 million vehicles globally in 2008.
Toyota (TM) also said it plans to produce 9.95 million vehicles worldwide during the same year, up 5 percent from this year - the same percentage jump for the automaker's global sales.
Toyota Motor Corp.'s targets, announced at a hotel in Nagoya near company headquarters, far surpasses the 9.3 million vehicles General Motors (GM, Fortune 500) has given as its estimate for production this year.
GM has not given a forecast for the number of vehicles it expects to produce or sell in 2008.
GM has been fiercely fighting back and boosting its overseas business to try to retain the top industry spot, which it has held for 76 years.
Article is nothing new. The questions are...Is Toyota becoming too abitious? Will quick growth affect quality?
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