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Toyota sets 2020 vehicle production, sales targets

Toyota Motor Corp. said Dec. 17 that it plans to slightly increase vehicle production and sales in 2020.

The Japanese carmaker aims to make 10.9 million vehicles in 2020, up from the planned 10.8 million in 2019, and sell 10.77 million units, compared to 10.72 million this year.

However, the Japanese carmaker expects production and sales in Japan to fall 4% to 4.41 million vehicles and 2.26 million, respectively. Production outside Japan will increase 4%, while international sales will rise 2%.

The Toyota brand plans to produce 9.15 million vehicles and sell 9.75 million vehicles worldwide, up 1% from 2019. The carmaker lowered its domestic production target by 5% to 3.24 million vehicles and its domestic sales target by 4% to 1.56 million vehicles.

The carmaker's Daihatsu subsidiary expects to produce 1.55 million vehicles and sell 820,000 vehicles worldwide, up 1% and down 2% from the previous year, respectively. Domestic production targets a 1% increase for Daihatsu at 1,020,000 vehicles, though the domestic sales target is 3% lower at 640,000 vehicles.

Toyota-owned Hino plans to produce and sell 200,000 vehicles worldwide, up 6% from the 2019 production forecast and up 1% from the 2019 sales forecast. Hino expects domestic production to reach 150,000 vehicles, down 4%, and domestic sales to hit 60,000 vehicles, down 10%.