Back    Refer To Friend    Print

Toyota pessimistic about German car market: Report

FRANKFURT: Toyota the world's largest car maker, expects to see a decline in German car sales this year and said it will be tough to reach its mid-term targets in the country, a German daily reported.

The German car association VDA forecast new car registration for 2008 to be flat at 3.2 million, but Toyota's head of Germany, Alain Uyttenhoven told Handelsblatt in story to be published on Wednesday he was less optimistic. "By now, I believe 3.1 million (new registrations) in Germany to be more realistic," Uyttenhoven said.

"A lot will depend on how the month of September develops. But there are no signs so far that there will be a positive turnaround," he added. Uyttenhoven said Toyota was sticking to its target of reaching a 5 percent market share in Germany by 2010.

"The goal of selling 200,000 cars by 2012 seems unrealistic at the time being," he said. Uyttenhoven also said it would be difficult for the Japanese carmaker to post a profit this year in Germany due to the weakness in the market. "It could be difficult to be in the black this year," he said.

 

Last Update on : September 17, 2008   
Source : economictimes.indiatimes.com   

http://autoviewpoint.com/images/bannerimages/adp-hr_20080126174206.jpg

Event Calendar

September 2010
SMTWTFS
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

Add Event | More Event

© 2008 AutoViewPoint

Use of editorial content without permission is strictly prohibited.

New York (NY) | New Jersey (NJ) | Chicago | Philadelphia | San Jose | California (CA) | Las Vegas | Denver | Portland | Montreal | Washington DC | Virginia Beach | Omaha | Oakland | Minneapolis | Miami | Detroit | Houston | Dallas | Los Angeles | San Francisco | Baltimore | Boston | Georgia | Hawaii | Utah | Kansas | Indiana | Iowa | North Carolina (NC) | South Carolina (SC)

All trademarks, trade names, products, images, service marks and logos referenced herein belong to their respective companies.