Toyota to cut global capacity by 700,000 units
trymi | 08/28/2009
As a long-overdue cost-cutting measure, a production line in Japan is being halted by Toyota Motor Corp. as it looks to cut excess global capacity by up to 700,000 units. Nikkei business daily reports that a company source said that although sales in a few countries have been improving, the “outlook for global car demand is still uncertain.”
