Toyota (TM) Sees Production Flat in CY13, Global Sales Up 2%

December 27, 2012 7:28 AM EST
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Toyota Motors (NYSE: TM) shares are indicated for a higher open amid announcing it would take a $1.1 billion economic charge Wednesday night tied to unintended acceleration litigation.

Today, the venerable automaker disclosed sales and production plans for calendar 2013.

In total, Toyota brand global sales are expected to rise 3 percent to 8.9 million units. Inclusive of Daihatsu and Hino brands, Toyota sees gobal sales up 2 percent to 9.91 million units.

Total Japanese sales are expected to drop 15 percent to 2.04 million units.

Worldwide production for Toyota brand will be flat at 8.7 million and total production will be flat at 9.94 million units.

For the current year (calendar 2012), Toyota is forecasting brand sales to rise 22 percent to 8.68 million units and total global sales up 22 percent to 9.7 million units.

Total production this year is expected to be up 26 percent to 9.92 million units.

Shares of Toyota are up about 0.2 percent early.

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