Automotive sector but Toyota expects growth
December 17, 2019
Toyota’s current sales are on record highs in 2019. Expectations despite slowing demand in China and United States, expects to stay on the highs in 2020, too. Japanese automaker in planning to sell 10.77 million vehicles in 2020. Numbers includes brands which are sold under Toyota conglomerate- Toyota, Lexus and Daihatsu brands along with Hino...
Toyota’s current sales are on record highs in 2019. Expectations despite slowing demand in China and United States, expects to stay on the highs in 2020, too. Japanese automaker in planning to sell 10.77 million vehicles in 2020. Numbers includes brands which are sold under Toyota conglomerate- Toyota, Lexus and Daihatsu brands along with Hino trucks. They expect raising of sales by 0,5 million vehicles with comparison to 2019.
Their expectation will be hard to achieve, because we can indicate many mergers among the biggest automakers of the world. Mergers help to reduce costs at a time when they are investing heavily to develop next-generation technologies including self-driving vehicles and electric cars.