Toyota to lower 2009 sales prognosis

Toyota to lower 2009 sales prognosisTokyo - Toyota Motor Corp, Japan's leading carmaker, expects to sell fewer cars in 2009, owing to weak demand from North America, a Japanese news agency said Wednesday.

Toyota on Thursday was to lower its global sales prognosis from 10.4 million units to 9.7 million units for next year, Jiji Press reported, citing informed sources.

The corporation - which also includes Daihatsu, a maker of small cars, and Hino, a truck producer - originally expected the US market to come out of its present funk by the first half of 2009, but it now believes an improvement was unlikely until at least the second half of the year, the report said.

Toyota's revised numbers are still 200,000 units above the sales expectations for 2008, Jiji said.

The carmaker said Wednesday that it increased its global production last month by 9 per cent to 720,923 vehicles, meeting increased demand for fuel-efficient cars.

Declines in the US market were offset by a rise of production in China and other emerging markets, Toyota said. Skyrocketing fuel prices and economic worries are dampening demand in the United States.

Honda Motor Co and Nissan Motor Co, Japan's second- and third-largest vehicle makers, also increased their global output last month. (dpa)

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