Report: Toyota lowers global production plans for 2011

According to reports coming out of Japan, Toyota, the world’s largest automaker, has lowered its internal global production plans by 200,000 units to 7.8 million vehicles for 2011. The move comes as Toyota faces a slow recovery in the United States after its massive recall issues.

The Asahi Shimbun reported that the new production plan is down from August and means that Toyota will fall short of 8 million units for the third straight year.

Toyota, which does not publish its production plans for the calendar year, sold 6.37 million units in the first 10 months of 2010 – the number matches its results for all of 2009.

Toyota was the only major brand to report a drop in November sales in the United States.

– By: Omar Rana

Source: Reuters