Toyota expects 2010 parent-only global production of 7.5 mil. units+

NAGOYA, Dec. 25 Kyodo -
Toyota Motor Corp. is expecting parent-only global production of around 7.5
million units in 2010, up from an estimated output of about 6.5 million units
in 2009 and its first year-on-year growth in two years, company sources said
Friday.
In addition to signs of economic recovery in Japan, the United States and
Europe, the increased output by the world's largest automaker will also stem
from brisk sales in emerging markets like China and India, they said.
A recovery in production levels by one of Japan's largest manufacturers could
also spread broadly to auto parts makers and other industries.
The automaker has controlled excessive inventory after carrying out drastic
output cuts to address the fallout from the global financial crisis.
The daily production volume at Toyota's factories in Japan has increased from
around 8,500 units in March to about 15,200 units in November.
Toyota, the maker of the best-selling Prius gas-electric hybrid, is also
anticipating growth in global sales of eco-friendly cars.
The automaker may revise its production target upward by around February since
the current projection does not take into account a recent decision to extend
government subsidies for fuel-efficient cars in Japan, the sources said.
Toyota also plans to set next year's global sales target at around 7.4 million
units, up 400,000 units from 2009.
The company notified auto parts makers and other clients of the production
target at a meeting held earlier in the day.
==Kyodo