Toyota expects 2020 global car sales to remain at record levels

TIP: Toyota Motor Corp (7203.T) expects global vehicle sales to remain at record highs by 2020, even as demand shows signs of slowing in China and the United States, the world's leading car markets.

The Japanese automaker said it planned to sell a record 10.77 million vehicles next year, including cars sold under the Toyota, Lexus and Daihatsu brands including Hino trucks, a touch higher than its plans to sell 10.72 million units for the year ending December.

News in Short

Explore Short Stories Former Pakistan president Pervez Musharraf gets the death penalty

A Pakistan court on Tuesday granted the death sentence of former president Pervez Musharraf in a high-profile treason case, Dawn News.nnn reported. A special court hearing on November 19 ended the trial against Musharraf for declaring a state emergency on November 3, 2007.

Competition to sell more cars is tight with the world's largest automakers as they try to boost sales to achieve economies of scale and reduce costs once they invest heavily to produce the next ones. generation technology including self-driving cars and electric cars.

Germany Volkswagen VOWG_p.DE) has been the leading automaker for the past five years, delivering 10.83 million vehicles including MAN and Scania heavy-duty trucks in 2018.