A leaked “global master plan” revealed Toyota Motor Corp.’s plan: to take a 14% share of the world car market by 2010. The report by the Wall Street Journal said that Toyota, currently the second largest global automaker, is on track to overtake GM as the world’s biggest car maker by grabbing 14% of the global automotive market, up from 11% in 2005.

The plan expects that Toyota’s global auto ales will reach 73 million vehicles by 2010. In 2005, Toyota sold over 65 million vehicles worldwide. To meet this burgeoning demand, the report said Toyota will increase production its plants in China and India. A new minicar that is geared towards families in developing countries is supposedly also in the works.

Meanwhile, Toyota spokesman Paul Nolasco declined to comment on the supposed plan adding that the Toyota has no concrete plans yet to offer a new minicar model. However, he confirmed that Toyota is indeed targeting developing markets including Russia, China, India and Brazil.