Nikkei. Both Toyota Motor and Mazda Motor have slowed production in China, as demand contracts in what is now the world’s second-largest country car market.
Earlier this month, Guangzhou Toyota Motor Co., a joint venture between Toyota and Guangzhou Automobile Group Co., slowed down its production line to trim output of the Yaris subcompact and other models. With a manufacturing capacity of 200,000 units a year, the plant is Toyota’s main production base in China. The production adjustment, the first such move at the factory, will likely continue for at least several months.
Meanwhile, Mazda Motor Corp. in August started a two-month production cut at its Chinese joint venture because of weak sales of the Mazda2, which is sold as the Demio in Japan.
Toyota has reduced production at plants in the US, UK, Turkey, and in Japan as well.