Toyota Motor Corporation on Friday said the entire Group which includes Daihatsu Motor Co and Hino Motors Ltd would produce 10.05 million vehicles this year, up almost 20 percent compared to 7.86 million it made last year.
The Japanese automaker is back after a year marred by natural disasters, recapturing its crown as the world’s top-selling carmaker and looking to raise its 2012 production and sales forecasts.
Toyota already raised its global sales target this year (only Toyota branded vehicles) to 8.8 million units from the 8.58 million it had announced in February.
The company said it earned ¥290.3 billion between April and June, up from just ¥1.16 billion a year ago – the first full quarter after Japan was devastated by the March 11 natural disasters that dented production and demand.
Sales in the period shot up nearly 60 percent to 5.50 trillion yen, the automaker said. Its operating profit reached 353.14 billion yen, swinging back into the black after an operating loss of 107.96 billion yen a year ago.
In the U.S., April-to-June deliveries increased 48 percent to 558,812 vehicles, helped by sales of the best-selling Camry sedans, Corolla sedans and Prius hybrids as Toyota led the Japanese auto industry’s recovery from last year’s production disruptions, according to data compiled by Bloomberg.