Toyota raises global production target for 2009 to 5.95 mil. units+

NAGOYA, Aug. 19 Kyodo - Toyota Motor Corp. has raised its parent-only global production target for 2009 to 5.95 million units, up 150,000 units from its initial forecast in May amid signs of recovery in auto sales due to worldwide stimulus measures, sources
familiar with the matter said Wednesday.

The automaker has received robust orders for its new Prius and Lexus hybrids
thanks to recent government tax breaks and subsidies introduced in Japan for
fuel-efficient cars.
In addition to reduction in inventories due to heavy production cuts, auto
demand has also been picking up elsewhere due to other support measures
worldwide including the cash-for-clunkers incentive program introduced in the
United States and Europe.
Toyota has already notified its key auto parts suppliers of the revised target
in view of the number of car orders it has received recently, the sources said.
In 2008, Toyota produced 8.21 million units globally.
Earlier this month, the automaker, which has Daihatsu Motor Co. and Hino Motors
Ltd. under its wing, trimmed its full-year loss forecasts for the current
business year and slightly raised this year's group global sales target to 6.6
million units.
==Kyodo