Toyota Motor Corp planning to cut down its global production capacity
Published On Aug 26, 2009 10:36 AM By CarDekho
Toyota Motor Corp is planning to cut down its global production capacity to match lower sales by 10 percent, or 1 million vehicles, as early as the current financial year to March 2010.
The world's biggest carmaker, Toyota has decided to put a halt at the production line in Japan for about a year and a half from next spring and is considering halting a line at a UK plant too.
Shares of Toyota rose 1.5 percent, outperforming a 0.9 percent rise in the benchmark Nikkei average. Toyota forecast this running month facing a shallow annual loss, but still there are doubts about the sustainable recovery in demand.
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