AUTOSHOW-Toyota ups Europe sales target; aims to boost margin

Newswire

By Chang-Ran Kim, Asia auto correspondent PARIS, Sept 22 (Reuters) - Toyota Motor Corp. on Wednesday raised its European sales target for 2004 to over 900,000 units from 860,000, and a top official said the company would aim to boost the region's profit margin to 8 percent by 2010. Europe has traditionally been a tough market for profits for all car makers, with Toyota posting an operating margin of 3.3 percent in the business year ended on March 31, against 9.6 percent overall. But ...

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