Toyota has cut its automobile sales forecast for China by 100,000 vehicles to 600,000 this year, Japan’s Nikkei financial daily reported.
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The report said the previous target would have represented 40% year-on-year growth, but the gain would be 20% under the revised goal. It said Toyota’s senior managing director, Akira Sasaki, disclosed the figures in Guangzhou on Tuesday.
The report said China’s economic slowdown was affecting demand and that Toyota was considering revising its medium-term plan there calling for annual sales of one million vehicles.
