Toyota confident of 1 mln Europe vehicle sales

PARIS, Sept 26, 2002 Reuters reported that the President of Toyota Motor Marketing Europe said on Thursday that he was confident of selling one million vehicles in Europe by 2005, significantly more than the company's annual sales target.

Akira Imai told Reuters in an interview that the company's official target of 800,000 units in sales by 2005 was modest and that barring any market crash, he was confident that sales could reach the one million unit mark.

Toyota, Japan's largest automaker, has said it wants a five percent market share in Europe by 2005 at the latest up from the current 4.4 percent