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Toyota To Cut Output 20% At French Plant From January

Nikkei. Toyota Motor Corp. will cut production at its French factory by 20% from January through March, following similar moves in the US, Britain and Turkey.

The facility, which assembles the Yaris subcompact and currently produces 65,000 vehicles a month, will reduce output to about 50,000 units per month.

Toyota’s sales in Europe fell 23.6% on the year in October, a sharper decline than the 14.5% slide for the European market as a whole. The automaker’s cumulative European sales for the first 10 months of the year are down 13.8% from the same period a year earlier.

With a plan to release some 18 new models into the market next year, including those going through a full remodeling, Toyota had been considering scaling back production of existing models.



Since most of the new models will be more frugal, cutting back on current models production is a good decision.

Toyota's European prices are too high and that has a lot to do with above average sales reduction.

In Canada, where people are used to pay higher prices for better vehicles, Toyota's sales are holding surprisingly well.



The Times Colonist (a VanWest Corporation sheet) declared British Columbia recession proof. Alberta's oil boom shows no sign of slowing and in spite of a 20% drop in Canadian dollar - the Provinces back East shrug off the gloom. It's a good country.



Error - I meant to say the Times Colonist is a CANWest Publication. NOT to be confused with the CanWest Petroleum business and Kuwait Corporation providing worldwide oil and gas services!

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