Toyota (NYSE: TM) expects record sales of 8.48 cars and light vehicles next year, 20% higher than this. The company believes its drive higher will be helped by the ability to get its production from Japan and Thailand back online after these were shuttered by natural disasters.
Of course, Toyota’s challenge goes well beyond production. Its rivals for the top spot among worldwide car companies are VW and GM (NYSE: GM). GM has had an effective resurrection from Chapter 11 and is the top car company in the US and among the top companies by sales in China–the world’s largest car market with 16 million sales a year.
VW, which will control Porsche, also has large sales in China, and has begun to get better sales in the US
Toyota also has to contend with the new upstart in the global industry–Hyundai. It, along with its sister brand Kia–have had tremendous sales gains, particularly in the US
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