Toyota to cut Japanese production in half

Toyota to cut Japanese production in half

As the economic slowdown intensifies and people continue to buy fewer cars, most manufacturers are starting to hit the brakes a little harder on production levels. Toyota is shutting down plants in Japan for 11 days, and more closures could come as the company says it will only make half the number of cars from February to April as it did last year. That would take Toyota down to 9,000 cars per day as it grapples with an increasing inventory. With the near future predicted to be even bleaker and the urgent need to align production with sales, more factory stoppage announcements are likely to come.

As the economic slowdown intensifies and people continue to buy fewer cars, most manufacturers are starting to hit the brakes a little harder on production levels. Toyota is shutting down plants in Japan for 11 days, and more closures could come as the company says it will only make half the number of cars from February to April as it did last year. That would take Toyota down to 9,000 cars per day as it grapples with an increasing inventory. With the near future predicted to be even bleaker and the urgent need to align production with sales, more factory stoppage announcements are likely to come.

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