NAGOYA (Kyodo) Toyota Motor Corp. will cut domestic output in half from February through April and set production at about 9,000 units per operating day, industry sources said Saturday.
The company decided to suspend 11 of its 12 factories in Japan on Saturday to address plummeting sales and a deepening global recession.
The drastic plan, which temporarily cuts vehicle output to half the previous year, is likely to lead to further production suspensions and higher losses for the year.