Toyota (NYSE: TM) announced it would move more aggressively into emerging markets. The WSJ reports that
Toyota, Japan’s biggest car maker by volume, plans to sell more than 1 million subcompacts in more than 100 countries and regions, such as China, Southeast Asia, India and Brazil by 2015.
Toyota does not have many other places to go for expansion. The European markets are nearly dead. China’s market has slowed considerably. Toyota’s sales have picked up a great deal in America, but the market has become progressively more competitive as US car companies has been revived, and large firms, which include VW, BMW,and Mercedes, have aggressively exploited the one region in which they have an ongoing chance for rising sales volume.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
