Report: Toyota to cut Japanese production by half Feb-April.

Posted: Jan 20, 2009
Filed under: Industry News, Toyota

According to Japanese media, Toyota is planning to cut its Japanese production by half in February-April from a year earlier due to the declining global demand and sales. According to Ashai newspaper, Toyota will cut production to around 9,000 vehicles a day during that period.

The Japanese automaker announced Friday that it will cut production at its North American plants over the next few months to reduce its inventory by half.

Toyota also said last week that it will halt production at its domestic plants for 11 days in February and March.

Source: Reuters

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  • zermatt
    Better to keep the inventory down than to have to reduce prices on product.

    The Detroit 3 started with rebates, moved to 0% financing and now employee pricing. The buyers are becoming conditioned to buying only when fire sale pricing is in effect.

    If they had cut production capacity years ago they would not be in the position they are today.
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