Toyota to raise 2008 global output
The production increase reflects booming sales in China, the Middle East and other emerging economies, the Nikkei said.
Toyota officials could not immediately be reached for comment on the report.
Toyota reported in November its worldwide production totaled 7.05 million vehicles in the first nine months of this year, just short of 7.06 million vehicles sold by GM for the same period.
Analysts expect Toyota to soon overtake GM as the world's biggest automaker, however, as the Japanese company gains global popularity with its fuel-efficient models amid rising gas prices.
The Nikkei said Toyota's global output could surpass GM's as early as the end of this year.
Toyota is expecting a 4 per cent increase in its global output to 9.42 million units this year, compared to GM's projected 9.26 million announced this month – and if that happens, Toyota would become the world's biggest carmaker for the first time, the Nikkei said. StraitsTimes.com