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Toyota raises sales forecast on hybrids, state incentives |
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Toyota Motor Corp. raised its global sales forecast because of Japanese government incentives on fuel-efficient vehicles and demand for its Prius compact gasoline-electric hybrid car. Sales, excluding those of subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., will climb 21 percent to 8.58 million vehicles this year, Toyota said today. That's 100,000 units more than the company's projection last month. Toyota was outsold by General Motors Co. and Volkswagen AG in 2011 and is counting on government incentives and the new Prius hybrid to help the company regain market share lost last year, when natural disasters in Japan and Thailand crippled production. http://www.autonews.com |
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