Toyota Cuts Annual Sales Goals
Toyota cut their annual sales goals today for 2008 by 350,000 to 9.5 million vehicles. This is only a 1% increase over 2007. The company also decreased their global production plan from 9.95 million to 9.5 million.
U.S. goals were cut by 200,000 to 2.44 million vehicles, 7% fall from 2007. Japan goes down only 4,000 to 2.23 million vehicles and Europe 80,000 to 1.19 million vehicles. It sounds like Toyota expects the U.S. to be far worse economically than Asia or Europe.