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Toyota plans to sell more than 10 million vehicles in 2009

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a news conference in Tokyo on Aug. 31 about the company's management strategy for the coming years. Watanabe said Toyota is aiming to sell about 10.4 million cars and trucks on a group basis in 2009, up from projected sales of 9.34 million units for this year.

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Toyota plans to sell more than 10 million vehicles in 2009

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a news conference in Tokyo on Aug. 31 about the company's management strategy for the coming years. Watanabe said Toyota is aiming to sell about 10.4 million cars and trucks on a group basis in 2009, up from projected sales of 9.34 million units for this year.

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Toyota plans to sell more than 10 million vehicles in 2009

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a news conference in Tokyo on Aug. 31 about the company's management strategy for the coming years. Watanabe said Toyota is aiming to sell about 10.4 million cars and trucks on a group basis in 2009, up from projected sales of 9.34 million units for this year.

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Toyota launches new mid-size SUV Vanguard in Japan

TOKYO, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., stands by the company's new midsize sport utility vehicle named Vanguard during a presentation in Tokyo on Aug. 30.

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Toyota wants to be 'front runner in quality,' president says

NAGOYA, Japan - Toyota Motor Corp. President Katsuaki Watanabe, addressing an audience in Nagoya on Sug. 27, says his company will target becoming a ''front runner in quality'' even as it stands poised to become the world's No. 1 automobile seller this year. ''It is possible to attain annual sales of 10 million vehicles soon, but we want to be a front runner in quality, not quantity.''

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Toyota's Watanabe becomes Nippon Keidanren vice chairman

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a news conference after becoming a vice chairman of the Japan Business Federation in Tokyo on May 28.

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Toyota logs 1st operating loss in 71 years

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe briefs reporters on the company's earnings report for fiscal 2008 during a press conference in Tokyo on May 8. Toyota logged its first group operating loss in 71 years in the business year that ended March 31 and it anticipates an even bigger operating loss of 850 billion yen for fiscal 2009.

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Toyota logs 1st operating loss in 71 years

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe briefs reporters on the company's earnings report for fiscal 2008 during a press conference in Tokyo on May 8. Toyota logged its first group operating loss in 71 years in the business year that ended March 31 and it anticipates an even bigger operating loss of 850 billion yen for fiscal 2009.

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Shanghai Int'l Auto Show begins

SHANGHAI, China - Toyota Motor Corp. President Katsuaki Watanabe speaks at the Shanghai International Auto Show in Shanghai on April 20, the opening day of the event. The show will be open to the public from April 22 to April 28.

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Toyota Vice Pres. Akio Toyoda to become president in June

NAGOYA, Japan - (From L to R) Toyota Motor Corp.'s current President Katsuaki Watanabe, Executive Vice President Akio Toyoda, who will become president in June, and Chairman Fujio Cho attend a news conference in Nagoya on Jan. 20. Japan's top automaker announced its decision on Toyoda's promotion to president.

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Toyota Vice Pres. Akio Toyoda to become president in June

NAGOYA, Japan - Toyota Motor Corp. Executive Vice President Akio Toyoda (L), who will be promoted to president of Japan's top automaker in June, speaks during a news conference in Nagoya on Jan. 20 after the company announced its decision on his promotion. At right is current President Katsuaki Watanabe, who will become vice chairman.

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Toyota Vice Pres. Akio Toyoda to become president in June

NAGOYA, Japan - (From L to R) Toyota Motor Corp.'s current President Katsuaki Watanabe, Executive Vice President Akio Toyoda, who will become president in June, and Chairman Fujio Cho join hands after a news conference in Nagoya on Jan. 20. Japan's top automaker announced its decision on Toyoda's promotion to president earlier in the day.

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Akio Toyoda of founder's family likely to be Toyota pres.

NAGOYA, Japan - Photo taken Dec. 22 in Nagoya, Aichi Prefecture, shows Toyota Motor Corp. Executive Vice President Akio Toyoda, great-grandson of Sakichi Toyoda who founded what has become Japan's No. 1 automaker, who will likely become president to replace Katsuaki Watanabe.

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Toyota expects 1st operating loss in FY 2008

NAGOYA, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., responds to questions from reporters at a press conference in Nagoya on Dec. 22. Toyota said it expects an operating loss of 150 billion yen for fiscal 2008 group business, the first group loss in its history, due to shrinking global auto sales and the yen's further appreciation.

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Toyota opens 2nd plant in Canada, bullish on N. America market

WOODSTOCK, Canada - Toyota Motor Corp. President Katsuaki Watanabe (C in front) and Canadian Minister of Industry Tony Clement (R in front) join a photo session Dec. 4 during an opening ceremony for Toyota's second car plant in Woodstock in Canada's Ontario.

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Toyota opens 2nd plant in Canada, bullish on N. America market

WOODSTOCK, Canada - Toyota Motor Corp. President Katsuaki Watanabe (C in front) joins a photo session Dec. 4 during the opening ceremony for Toyota's second car plant in Woodstock in Canada's Ontario.

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Toyota cuts global sales target for 2009 to 9.7 mil. units

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe responds to questions from reporters in Tokyo on Aug. 28. Japan's largest automaker revised downward its global sales forecast for 2009, pushing back its target of becoming the world's first automaker to sell more than 10 million vehicles a year amid slowing U.S. and European demand.

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Toyota chief sees tough market as chance to improve business

NAGOYA, Japan - Toyota Motor Corp. President Katsuaki Watanabe delivers a speech at a hotel in Nagoya on Aug. 20.

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Toyota eyes next-generation battery amid soaring gas prices

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks about the company's eco-friendly business policies in Tokyo on June 11. The policies include developing a next-generation battery in a bid to further boost the automaker's presence in the ''green'' car market.

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Toyota to start hybrid production in Australia in early 2010

NAGOYA, Japan - Toyota Motor Corp. President Katsuaki Watanabe (L) poses with Australian Prime Minister Kevin Rudd at a news conference in Nagoya on June 10, where Toyota announced that it will begin producing a gasoline-electric hybrid version of the Camry sedan in Australia in early 2010, with an annual production target of 10,000 vehicles.

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Toyota aims to spur minivan market with remodeled Alphard

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe unveils the fully remodeled Alphard minivan (R) and its new sister model the Vellfire (L) at a Tokyo hotel on May 12. Toyota launched the fully remodeled vehicles aiming to spur the domestic minivan market in which the Japanese automaker maintains top market share.

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Toyota expects 1st operating profit fall in 9 yrs

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks at a press conference in Tokyo on May 8 on the automaker's business results in fiscal 2007. Toyota posted record-high sales and profits in fiscal 2007 as solid vehicle sales in emerging economies and oil-producing nations offset adverse factors. But its group operating profit is projected to fall 29.5 percent to 1.6 trillion yen in fiscal 2008, down for the first time in nine years, due chiefly to the strong yen against the dollar and other key currencies and a slump in the North American auto market.

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Toyota, Fuji Heavy, Daihatsu to enhance cooperation

TOKYO, Japan - Fuji Heavy Industries Ltd. President Ikuo Mori (L), Toyota Motor Corp. President Katsuaki Watanabe (C) and Daihatsu Motor Co. President Teruyuki Minoura pose for photos after their joint news conference at a hotel in Tokyo on April 10. The presidents announced that the three companies have agreed to enhance business cooperation in the development and production of automobiles to improve their competitiveness.

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Toyota launches remodeled Crown luxury sedan

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe poses for photos at a Tokyo hotel on Feb. 18 with a fully-remodeled Crown luxury sedan, which features better safety devices and stylish designs.

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Toyota eyes building new plants in China, India

NAGOYA, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks in an interview with Kyodo News at the company's head office in the city of Toyota, Aichi Prefecture, on Feb. 14. Watanabe indicated Toyota is planning to build new plants in China and India to meet fast-growing demand in those emerging economies.

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Toyota eyes building new plants in China, India

NAGOYA, Japan - Toyota Motor Corp. President Katsuaki Watanabe speaks in an interview with Kyodo News at the company's head office in the city of Toyota, Aichi Prefecture, on Feb. 14. Watanabe indicated Toyota is planning to build new plants in China and India to meet fast-growing demand in those emerging economies.

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Toyota to sell lithium-ion battery-powered hybrid by 2010

DETROIT, United States - Toyota Motor Corp. President Katsuaki Watanabe announces at the North American International Auto Show in Detroit on Jan. 13 that the company is planning to market a lithium-ion battery-powered hybrid car that can be charged with electricity using a household outlet by 2010.

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Toyota likely to outdistance GM in 2008 global output

NAGOYA, Japan - Toyota Motor Corp. President Katsuaki Watanabe smiles during a news conference in Nagoya on Dec. 25. He said Toyota's global auto production is expected to increase 5 percent from a year earlier to 9.95 million units on a group basis in 2008, against the backdrop of continued robust sales in China, the Middle East, Russia and other emerging economies.

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Toyota fetes opening of 1st Russia plant

ST. PETERSBURG, Russia - Toyota Motor Corp. President Katsuaki Watanabe (L) and Director and Adviser Hiroshi Okuda show Russian President Vladimir Putin (R) around Toyota's car assembly plant on the outskirts of St. Petersburg on Dec. 21 after the opening ceremony for the plant. Toyota is the first Japanese automaker to start production in Russia.

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Toyota eyeing practical use of partner robot in early 2010s

TOKYO, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., poses with the company's humanoid robot models during a press unveiling in Tokyo on Dec. 6. Watanabe said Toyota will try to realize practical uses for human-assisting partner robots in the early 2010s.

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Toyota's Watanabe 9th among most powerful business heads

NEW YORK, United States - Toyota Motor Corp. President Katsuaki Watanabe (file photo) ranked ninth among the 25 most powerful businesspeople in the world, according to Fortune magazine's list released Nov. 27. The top slot went to Steve Jobs, chief executive officer of Apple Inc., followed by Rupert Murdoch of News Corp. and Lloyd Blankfein from Goldman Sachs Group Inc.

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Tokyo Motor Show opens with focus on cute and sports cars

CHIBA, Japan - Toyota Motor Corp. President Katsuaki Watanabe drives the company's roofless i-Real robotic single-seat vehicle during a press preview of the 40th Tokyo Motor Show at Makuhari Messe convention center in Chiba on Oct. 24. The show, which will be opened to the public from Oct. 27 to Nov. 11, features about 540 passenger and commercial vehicles, as well as motorcycles, from 58 companies. They include 77 vehicles making world premiers and 103 making Japan premiers.

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Toyota launches new compact hatchback under Corolla brand

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe stands next to the Corolla Rumion compact hatchback in Tokyo on Oct. 9 which has been put on the market in Japan.

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Toyota introduces Mark X ZiO in Japan

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe unveils on Sept. 26 the Mark X ZiO, a new model that can be used as a sedan, a station wagon or a minivan.

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Toyota rolls out restyled Land Cruiser in Japan

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe poses for photos on Sept. 18 with a fully redesigned version of the Land Cruiser sport-utility vehicle the company has launched in Japan ahead of overseas.

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Toyota launches redesigned 'ist' compact car model

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe poses beside the company's completely redesigned ''ist'' compact car model at a press conference in Tokyo on July 30. The compact hatchback, with an engine displacement of 1.5-liter or 1.8-liter engine, is to be sold at suggested retail prices ranging from 1,659,000 yen to 1,995,000 yen.

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Toyota keeps global sales target despite Niigata quake

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe said in Tokyo on July 23 the company has no plan to change its global sales target of 9.34 million vehicles on a group basis, despite difficulties in procuring engine parts following a deadly earthquake July 16 in Niigata Prefecture and continued weak domestic demand for automobiles. He said the automaker group is likely to reduce production by a total of 55,000 vehicles through July 24 due to the stoppage of its domestic factories.

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Toyota releases restyled Voxy minivan

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe stands beside a model of the completely redesigned Voxy minivan on June 27.

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Toyota rolls out all-new Premio, Allion sedans in Japan

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe poses bedside an all-new Premio sedan at a press conference in Tokyo on June 4. The carmaker also rolled out Allion in Japan, hoping the two models will help revive the sedan market that has been shrinking in recent years on the back of strong demand for smaller leisure-oriented vehicles.

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Lexus hybrid flagship sedans launched in Japan ahead of overseas

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe sits in the LS600h, the company's Lexus premium brand car, during a press conference at a hotel in Tokyo on May 17. The LS600h and LS600hL, in either standard or long wheelbases, feature the world's first hybrid system, combining a newly developed 5-liter V-8 engine and a high output motor with a full-time all-wheel-drive system.

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Lexus hybrid flagship sedans launched in Japan ahead of overseas

TOKYO, Japan - Toyota Motor Corp. President Katsuaki Watanabe poses with the LS600h, the company's Lexus premium brand car, during a press conference at a hotel in Tokyo on May 17. The LS600h and LS600hL, in either standard or long wheelbases, feature the world's first hybrid system, combining a newly developed 5-liter V-8 engine and a high output motor with a full-time all-wheel-drive system.

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Toyota marks record sales of 24 tril. yen, closing in on GM

TOKYO, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., speaks about the company's group earnings report for fiscal 2006 at a news conference at a hotel in Tokyo on May 9.

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Toyota marks record sales of 24 tril. yen, closing in on GM

TOKYO, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., speaks about the company's group earnings report for fiscal 2006 at a news conference at a hotel in Tokyo on May 9.

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Toyota marks record sales of 24 tril. yen, closing in on GM

TOKYO, Japan - Katsuaki Watanabe (R), president of Toyota Motor Corp., speaks about the company's group earnings report for fiscal 2006 at a news conference at a hotel in Tokyo on May 9.

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Toyota's Watanabe, Nintendo's Miyamoto on Time's top 100 list

NEW YORK, United States - Toyota Motor Corp. President Katsuaki Watanabe (L, file photo) and Nintendo Co. game designer Shigeru Miyamoto (R, file photo) are among the world's 100 most influential people this year, according to U.S. weekly magazine Time.

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Toyota on course to be No. 1 automaker in '07

NAGOYA, Japan - Katsuaki Watanabe (L), president of Toyota Motor Corp., speaks during a press conference at a hotel in Nagoya on Dec. 22.

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Toyota on course to be No. 1 automaker in '07

NAGOYA, Japan - Katsuaki Watanabe (L), president of Toyota Motor Corp., briefs reporters on the company group's global sales and production plans for fiscal 2007 at a hotel in Nagoya on Dec. 22.

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Toyota launches highest-class hatchback Blade

TOKYO, Japan - Katsuaki Watanabe, president of Toyota Motor Corp., stands by the company's highest-class hatchback ''Blade'' during a presentation at a Tokyo hotel on Dec. 21. The Blade, powered by a 2.4-liter engine, is to be sold at suggested retail prices ranging from 2,247,000 yen to 2,772,000 yen.

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Toyota chief has no plan to limit U.S. sales to avert friction

SAN ANTONIO, United States - Toyota Motor Corp. President Katsuaki Watanabe speaks at a press conference marking the opening of the $1.28-billion San Antonio plant of Toyota Motor Manufacturing, Texas, Inc. on Nov. 17. Watanabe suggested that the automaker will not deliberately limit sales in the United States to avert trade squabbles.

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Toyota chief has no plan to limit U.S. sales to avert friction

SAN ANTONIO, United States - Toyota Motor Corp. President Katsuaki Watanabe speaks at a press conference marking the opening of the $1.28-billion San Antonio plant of Toyota Motor Manufacturing, Texas, Inc. on Nov. 17. Watanabe suggested that the automaker will not deliberately limit sales in the United States to avert trade squabbles. ''What is primarily important is to manufacture excellent products by taking into account the standpoint of customers,'' he said.