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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Japan's Toyota to cut production by 20%: report AFP - 1 hour 28 minutes ago TOKYO (AFP) - - The world's biggest automaker Toyota Motor Corp. will cut production by 20 percent this year as it tries to cope with falling worldwide demand, a report said Sunday. The company plans to build 6.5 million vehicles this year, compared with an estimated 8.21 million units built during 2008, the Tokyo Shimbun said. The figure excludes output from Toyota units Daihatsu and Hino. Officials at Toyota were not immediately available for comment. The report came a few days after sales figures showed that Toyota has overtaken Detroit rival General Motors as the world's biggest car maker, but the ongoing global economic crisis is weighing heavily on demand. The Toyota group is due to release its latest data before month's end. Global sales for 2008 are expected to show a drop for the first time in a decade and the group could also post its first-ever annual operating loss for the year to March. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business India's Unilever Dec qtr net profit dips 2.2 pctReuters - 54 minutes ago Reports: Nomura to post record 3Q net lossAP - 57 minutes ago Suez backs out of Philippine power plant dealReuters - 1 hour 1 minute ago HannRe eyes bigger U.S. non-life mkt share -paperReuters - 1 hour 2 minutes ago Independent News eyes $130 mln asset sale -reportsReuters - 1 hour 4 minutes ago Enlarge Photo Japan's Toyota to cut production by 20%: report Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Child matador kills six bulls in Mexico 'Dogs don't wear condoms,' says Baywatch star Anderson Ring of fire: Indian Ocean to see solar eclipse World crisis deepens as downturn bites in Asia Hudson 'miracle' pilot gets hero's homecoming View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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