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Toyota to Increase Production Sees Market Rebounding
01:38 p.m. EDT, June 04, 2009

Toyota plans to boost production by 65,000 more units of its Camry, Corolla, Sienna, RAV4, Tacoma and Tundra models, according to Automotive News. Bob Carter, general manager of Toyota's North American Division expressed optimism at the sales numbers for May, having improved over the month before. Toyota's retail market experienced a 25% increase in May compared to April.

The entire industry saw an improvement in sales in May, with Toyota's Camry sales up 23.7 percent and Corolla up 27.2 percent. Another carmaker who perceived relief on the horizon was Ford Motor Company, which recently announced that it would increase production by 10 percent.

Compared to last year, the automaker is still almost 40 percent off the mark this year, actually worse than that of Chevrolet, Ford and Nissan. Honda, at a loss of 42 percent of its revenue, was the worst of the top five automakers. With reserves of the Toyota Division down to just 41 days, an increase in production seemed timely.


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