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Toyota to cut Domestic Production

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Nov 19, 2008.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    Toyota to Cut Domestic Production - FOXBusiness.com

    TOKYO--Toyota Motor Corp.(TM) said Wednesday it will reduce production in the United States to cope with slowing sales in the world's largest economy.

    Earlier this month, Toyota said net profit for the July-September quarter plunged 69 percent and downgraded its full-year profit forecast to about a third of last year's result. Officials said the company is also assessing its manufacturing operations.
     

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