Toyota Said to Prepare to Raise Output Target Above 10 Million
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Toyota Motor Corp. plans to produce more than 10 million vehicles this year, becoming the first carmaker to reach that milestone, according to two people familiar with the matter.
Toyota and its subsidiaries expect combined output to climb to about 10.1 million vehicles in 2013, or 200,000 higher than previously forecast, said the people, who asked not to be identified because the plan hasn’t been made public. The new targets will be disclosed when the Toyota reports earnings Aug. 2, the people said.