The reduced demand for new cars in the US may cause Toyota to slash US production 12% in 2009, according to Toyota’s spokesman, Yuga Kata.
Toyota is reducing output because demand is down and the US economy is showing no signs of a quick recovery. The company’s stock is relatively stable at the time of this writing in Japan with sales of Toyota Parts and Toyota Accessories.
There’s a great article and further details on this subject from Bloomberg Press.
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