| Toyota cuts its sales forecast for 2008 |
|
| Written by Staff Reporter | |
| Wednesday, 20 August 2008 | |
|
Toyota has cut its 2008 global sales forecast by 350,000 vehicles, or 3.5%, to reflect the drop in sales in the North America of its pick-up trucks and SUVs.
The news is a further sign of strain in the global motor industry as high fuel prices and a slowing economy squeeze consumers in the world’s biggest car market. Toyota is currently the world’s leading seller of vehicles. It now predicts that it will sell 9.5 million vehicles worldwide this year, a 1.5% increase on last year’s figures rather than the 5% increase that the company had previously forecasted. |
| < Prev | Next > |
|---|