Toyota group company CFO casts doubt on automaker's output goal

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TOKYO : Toyota Tsusho Corp, part of the Toyota group, does not expect Toyota Motor Corp to meet its target to produce a record 9.7 million vehicles worldwide this business year, an executive at the trading firm said on Friday.The comment is likely to add to speculation among analysts and investors that th

TOKYO : Toyota Tsusho Corp, part of the Toyota group, does not expect Toyota Motor Corp to meet its target to produce a record 9.7 million vehicles worldwide this business year, an executive at the trading firm said on Friday.

Hideyuki Iwamoto, chief financial officer at Toyota Tsusho Corp, told an earnings news conference he expected Toyota Motor's production to come in below target based on the automaker's monthly production results and unofficial announcements on future production.

 

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