The Traderszone Network

Published in TZ Latest News 21 January, 2015 by The TZ Newswire Staff

Toyota, in unusual move, flags sales fall in 2015

Toyota Motor Corp took the unusual step of projecting a drop in annual vehicle sales on Wednesday in a move that could see Volkswagen steal the industry crown this year as demand slumps in Japan, Indonesia and other key markets. The forecast underscores Chief Executive Akio Toyoda’s resolve to steer the company through measured, profitable growth rather than chase volumes after getting burned by a capacity glut in the wake of the 2008 global financial crisis.

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