2006 could be the year Toyota matches — if not exceeds — the total output of General Motors, currently the world’s largest automaker. The Japanese carmaker announced Tuesday a global production target of 9.06 million vehicles for next year. Meanwhile, analysts estimate GM’s 2005 output to reach around 9.08 million units — a virtual tie with the Toyota estimate. GM shares fell to an 18-year low of $19.63 on the news but rallied as trading progressed. GM shares were down 84 cents, or 4 percent, at $20.21 in late morning trading on the New York Stock Exchange. See our recent report on Toyota’s “lean manufacturingâ€? and the 1990 book “The Machine that Changed the World.â€?
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