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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: Toyota suspends domestic production: report AFP - 1 hour 22 minutes ago TOKYO (AFP) - - Toyota Motor Corp. temporarily suspended operations at 11 of its 12 domestic factories on Saturday in response to a slump in sales amid the deepening global economic turmoil, Kyodo News reported. Toyota will stop operations at the factories for three days this month -- on Saturday and also on January 24 and January 30 -- in line with previously announced plans, said Kyodo. In February and March, the carmaker will suspend operations at all 12 factories for 11 days, the report said. The move underscores the rapidly deteriorating fortunes of Japan's auto giants, which have racked up bumper profits in recent years and invested heavily to expand their production facilities overseas. Japan's top automaker last month forecast its first-ever annual operating loss, blaming "an unprecedented crisis" in the global auto industry. The country's second-largest carmaker Honda on Friday said it was shedding more than 3,000 jobs and Subaru-maker Fuji Heavy warned of its first annual loss in 15 years. Also Friday, Yamaha Motors said it would suspend production at 11 domestic plants for up to 10 days, while reports said Nissan planned to transfer production of subcompact cars from Japan to Thailand to reduce costs. Japanese manufacturers have expanded rapidly in recent years to meet brisk demand for their smaller, fuel-efficient cars. But they have not been immune to the financial crisis, even if they are in better shape than their US rivals. 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: China's Economy China: Melamine victim's parents accept $29,000AP - 49 minutes ago ConocoPhillips cutting 4 pct of global work forceAP - 1 hour 21 minutes ago Toyota suspends domestic production: reportAFP - 1 hour 22 minutes ago Wall Street seesaws after banks report big lossesAP - Saturday, January 17 Related Articles: Business US-BUSINESS SummaryReuters - 23 minutes ago Disney CEO received $51.1M in compensation in 2008AP - 39 minutes ago China: Melamine victim's parents accept $29,000AP - 49 minutes ago Protesters clash with police in LithuaniaAP - 51 minutes ago Merrill Lynch to pay $475 million in Ohio settlementReuters - 55 minutes ago Enlarge Photo Toyota suspends domestic production: report Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Hormone drives sexy women to infidelity, says study Michelle Obama's ball gown has fashionistas abuzz Israel hammers Gaza as Hamas offers conditional truce Microsoft considering 'significant' job cuts: WSJ Obama receives boost ahead of assuming presidency View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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