Toyota sent shockwaves through last week’s Tokyo Motor Show by unveiling bold plans to become the world’s largest car maker by 2010. In a radical new strategy, known as Global 15, Japan’s biggest car maker told a gathering of its world distributors that it intends to achieve a 15 per cent global market share by 2010.
Currently, Toyota ranks third, behind Ford and General Motors, with around 11.5 per cent of the world’s annual new-car sales. GM holds a share of just over 14 per cent. If it achieves the 15 per cent target, Toyota will produce well over 8 million vehicles a year, compared to today’s 6.3 million. Fujio Cho, president of Toyota, told Autocar: ‘We had Global 10 back in the ’80s to achieve a 10 per cent global share and we never thought we would achieve that. Now we have set Global 15 as an informal aim for the whole company.’
Toyota believes the primary secret to meeting its target is attractive design: good-looking cars that entice new customers in to Toyota, Lexus and Daihatsu showrooms.
You only need a brief glance at Toyota’s Tokyo concept cars to see the first fruits of its new design objectives. Insiders say the beautiful Lexus LF-S saloon (right) sets the overall styling theme for the all-new GS – as well as IS and LS – models, all due in 2005.