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Toyota unlikely to meet 2008 sales target

Toyota Motor Corp is unlikely to meet its global sales target of 9.85 million units this year due to slowing sales in major markets amid the yen's strengthening.

“Frankly speaking, sales in the US, Europe and Japan are showing signs of slowdown. It will be difficult to meet the group's sales target of 9.85 million, although emerging markets such as China and Russia are active,” Uranishi Tokuichi, executive vice president of Toyota, told reporters in Seoul. (Reuters)