Toyota eyes growth despite Moody's downgrade

Dec 22, 2011 | 05:44 PM | Corinna Petry

Tags  Toyota Motor, Moody's Investor Service, Moody's Japan, Corinna Petry

CHICAGO — Toyota Motor Corp., undeterred by a downgrade in its credit rating, is projecting a 20-percent increase in global sales and a 24-percent rise in global production next year.

The automaker forecast 2012 global production at 8.7 million units, 3.4 million of which will be produced in Japan. Aichi, Japan-based Toyota is projecting global sales at 8.5 million units next year, of which nearly 7 million units are expected to be sold outside of Japan.....

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