Published

Toyota Aims for 16% Sales Gain in Europe Next Year

Toyota Motor Corp. tells reporters an expanded lineup of hybrid-powered cars will help it increase sales in Europe 2% to 865,000 units in 2014.
#hybrid

Share

Toyota Motor Corp. tells reporters an expanded lineup of hybrid-powered cars will help it increase sales in Europe 2% to 865,000 units in 2014.

But Didier Leroy, who heads Toyota Europe, says the company hopes to hike its sales in the 56-country region almost 16% to 1 million units in 2015.

Hybrids accounted for 20% of Toyota sales across Europe last year compared with 12% in 2012, according to Leroy. Toyota currently controls a 4.8% share of the European market.

RELATED CONTENT

  • Toyota Updates Fuel Cell Test Truck

    Toyota Motor Corp. unveiled an updated version of its Project Portal fuel cell-powered heavy-duty truck with reduced weight and increased driving range.   

  • Internal Combustion Engines’ Continued Domination (?)

    According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.

  • Study: Nearly 60% of EV Sales in 2035 Will Be in China

    Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.

Gardner Business Media - Strategic Business Solutions