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Toyota raises global sales target for year to 9.76 million vehicles

Published on August 3, 2012; Published on August 3, 2012

Topics :: Toyota Motor , TOKYO , Northeastern Japan

TOKYO - Toyota has raised its global sales plan for this year to 9.76 million vehicles, a key part of the Japanese automaker's comeback from a disaster-struck 2011.

In February, Toyota Motor Corp. had set its sales target at 9.58 million vehicles.

The new plan, announced today, would represent a 23 per cent increase over sales in the previous year.

Like other Japanese automakers, Toyota is rebounding from the sales plunge suffered from production disruptions caused by the earthquake and tsunami in northeastern Japan last year.

Also today, Toyota reported a stellar recovery in quarterly profit to 290.3 billion yen (US$3.7 billion), up from 1.1 billion yen the year before as sales surged nearly 60 per cent from a year earlier.

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