Toyota Takes Aim at GM, VW in China Market

China's market leaders for car sales are GM (1 million) and VW (900,000).

Toyota's goal is 10% of the Chinese market by 2010.

Based on the first 10 months, Toyota Motor Corp thinks it will do 11% better than its stated goals at the beginning of the year.

The previous goal was 430,000 cars. The new number is 480,000.

Sales for the year areup 67% over last year.

Country-wide car sales are up 24% by comparison.

Toyota thinks it can top 700,000 units in China next year.

Working with FAW Corp and Guangzhou Automobile Corp, Toyota's annual production in China is now at 640,000.

When do you think Toyota will outsell GM and VW in China?  

From

Toyota Raises Sales Target in China