Thi will be the first time product is below 7 million in five years.
Despite all the bad news from Toyota, it's even sadder that GM, Ford and Chrysler would love to be in Toyota's shoes because The Big 3's pains are even worse.
With talk of nationalizing banks in the US, is it time to consider nationalizing the Detroit Big 3? And I don't mean the US government. Maybe the Japanese government should nationalize our auto industry. They've done a better job of making and selling cars than we have. (Please excuse the hyperbole.)
Toyota's 2009 output to drop to 6.5 mln unitsSAN FRANCISCO (MarketWatch) -- Toyota Motor Corp. plans to produce 6.5 million vehicles this year, down 20% from 8.21 million in 2008 and below the 7-million mark for the first time in five years, according to a published report.
Depending on how the industry fares, Toyota may be forced to further rein in output, Japanese business daily Nikkei said on its Web site in a report dated Monday.
Earlier this month, Toyota said it will reduce production at its North American manufacturing plants in an effort to grapple with what the Japanese automaker termed "the worst automotive slump in decades."
Read the whole story.
Leave a comment