Toyota to cut Japanese production in half
As the economic slowdown gains steam and people continue to buy fewer cars, manufacturers are hitting the brakes a little harder on production levels. Toyota is shutting down plants in Japan for 11 days, and more closures could come as the company says it will make half the number of cars from February to April as it did last year. That would take Toyota down to 9,000 cars per day as it grapples with ballooning inventory. With the near-term future predicted to be even bleaker and the need to align production with sales, we probably haven't seen the end of factory stoppage announcements.[Source: Reuters]
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Reader Comments (Page 1 of 1)
Avinash machado 8:13AM (1/20/2009)
So perhaps GM might regain its number one automaker status this year I guess.
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Randy 2:37PM (1/20/2009)
GM might but I think Ford is poised to succeed with gains!
Here's my thoughts.
GM is closing or selling 4 brands (automatic drop in sales),
Toyota just announced another production cut (loss in sales caused it)
Ford which is number three has a completely new lineup between right now and the coming 12 months which highly targets areas that they don't compete in or have competed poorly in, in the past which are all world class cars. So I'm thinking that Ford will be picking up quite a bit of new business.
In other words, Ford has nothing but gain ahead of it! Everyone else has loss. Based on the news reports, blogs etc. If it were my money, I'd bet on Ford...
Smegley 10:33AM (1/20/2009)
Ouch! I dont particularly care for Toyotas, but this sounds painful.
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PhattyDre16 10:56AM (1/20/2009)
I know this is horrible to say but, I can't help but feel a sort of happiness when I see negative news articles pertaining to Toyota.
GO BIG THREE! ; )
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Level 12:37PM (1/20/2009)
hmmm and I thought people were not buying cars from the big 3 only, go figure......
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Conundrum 5:34PM (1/20/2009)
You must get your car information from the news media?!?
Level 12:09AM (1/21/2009)
I was being sarcastic
Conundrum 10:26PM (1/21/2009)
So was I
Level 1:44PM (1/22/2009)
lol
csin8282 12:43PM (1/20/2009)
To tell you the truth. News like this brings alittle happiness to my morning.
However, All in all we're all hit hard during this recession, I have a friend that works in Japan in the auto industry and what he tells me is that the japanese auto makers are getting hammered right now. Not only are they losing money on a higher Yen, but production losses and incentives are starting to show the entire economy in japan. As bad as we are here in the US, Japan faces 3x the pain due to the fact that the entire country exists to export goods and w/ no one buying right now, Japan's economy is a lot worst off than us.
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GhostDoggy 1:54PM (1/20/2009)
At least they are not flying private jets into D.C. begging for money like the Detroit homes GM, Ford, and Chrysler.
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MoonRover 2:14PM (1/20/2009)
Somebody better call Senator Bob Corker quick!!!!!!!!!!!!!! He will save the day!!!
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izorro 8:42PM (1/20/2009)
Well they probably should of done this earlier...
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