Twitter headlines« New Zealand Awards NZ$45.6M for Alternative- and Bio-Fuel Research; LanzaTech NZ$12M Low-Carbon Gasoline Project Leads | Main | Researchers Develop Approach to Optimize Refinery Production of H2 »
Report: Toyota Plans 4.5% Cut in Global Production For This Year
28 July 2008
The Nikkei reports that Toyota Motor Corp. plans to lower its worldwide output target 4.5% this year from 9.95 million units to as low as 9.5 million as sales of large vehicles slump in the US.
The automaking giant had increased worldwide production annually by 500,000 to 800,000 vehicles since 2002, turning out 9.49 million in 2007. The revised 2008 target of roughly 9.5 million to 9.6 million vehicles reflects cutbacks mainly in Japan and the US. The figures include the projected output of group members Daihatsu Motor Co. and Hino Motors Ltd.
...Toyota has decided to suspend production lines in Texas and elsewhere for such vehicles for three months starting next month, curbing output by 50,000 to 100,000 units. Its US production this year is expected to fall below the 2007 level of about 1.3 million vehicles, even with increased output of hot-selling smaller cars.
July 28, 2008 in Brief | Permalink | Comments (2) | TrackBack (0)
Comments
Posted by: | July 28, 2008 at 10:05 PM
Toyota Plans 4.5% Cut in Global Production.
but
Toyota Plans 75% increase in Prius Production.
... no more big guzzlers, and lots of smaller fuel efficient cars. It sounds like someone at Toyota is listening to their customers.
Posted by: | July 30, 2008 at 08:07 AM
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef00e553da6c7c8834
Listed below are links to weblogs that reference Report: Toyota Plans 4.5% Cut in Global Production For This Year:
Toyota previously announced cutbacks in thier hybrid svs, possibly to help clear these suv type ice stocks.