Toyota shuts plants for 11 days (BBC) - Democratic Underground

eppur_se_muova

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-06-09 06:04 PM
Original message

Toyota shuts plants for 11 days (BBC)

Edited on Tue Jan-06-09 06:06 PM by eppur_se_muova

Toyota is to halt production at all 12 of its Japanese factories for 11 days in February and March as it tries to reduce its stock of unsold cars.

It had already announced a three-day halt for January, but before that it had not cut production since 1993, when it did so for one day.

Toyota's sales in the US fell 37% in December, which was a worse decline than either General Motors or Ford.

About 40% of the cars Toyota sells in the US are made in Japan.

Despite the gloomy news, Toyota shares rose 1.3% in Tokyo on Tuesday as the yen weakened against the dollar.
***
more: http://news.bbc.co.uk/2/hi/business/7813022.stm

edit: attribution

Printer Friendly | Permalink | | Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.