Toyota's plan predicts affiliates Daihatsu and Hino Motors should contribute 1% to it's expanded market share, the other 14% coming from Toyota products. The automaker expects major growth in Russia, China, India and Brazil to be a big part of its global dominance, as well. A newly developed inexpensive minicar is expected to boost sales in these countries. It's Russia plant should begin production in late 2007, with an Indian plant up and running by 2009. According to Japanese media reports, Toyota also wants its overseas plants to boost output to 5 million cars by 2008, a 40% rise over 2005 levels of 3.5 million vehicles.
The gauntlet has been cast folks, and it appears at this point that no automaker, not even General Motors, is willing to pick it up and take the challenge of stopping Toyota.
[Source: The Wall Street Journal via The Associated Press via The Los Angeles Times]