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Motor1
Motor1
Business
Adrian Padeanu

Toyota Wants to Stretch a Car's Life Cycle to Nine Years

It’s safe to say business is booming at Toyota. In 2024, it remained the world’s largest carmaker for the fifth consecutive year. Earlier this month, Chief Financial Officer Kenta Kon highlighted “strong demand for our products. We can barely cover the demand.” Looking ahead, the Japanese automotive giant is confident it can meet its 2025 full-year sales forecast of 9.8 million vehicles, representing 4.7 percent year-over-year growth.

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