Toyota Motor plans to cut parent-only global automobile production by 20% in 2009 to 6.5m units as demand plunges, the Nikkei business daily said on Monday.
Toyota Motor plans to cut parent-only global automobile production by 20% in 2009 to 6.5m units as demand plunges, the Nikkei business daily said on Monday.
The Japanese automaker, which has been hit by double-digit declines in vehicle sales in its main markets of North America, Japan and Europe, will set its parent-only global sales target at 7m units, down 10% year on year, the Nikkei said in an unsourced report, according to Reuters.
Toyota said last week it would raise output slightly in May as it makes progress on cutting inventory levels.
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