Japan's Nikkei has reported that Toyota is will cut production by 10% in its next fiscal year, from ten million to nine million vehicles. To do that, Japan's largest automaker is said to be shutting down an entire production line in its home country for a year-and-a-half starting next spring. There is also speculation that Toyota will shut down a production line in the U.K. as well.

The news come even as Toyota has been putting out more cars due to global scrappage schemes and incentives, and some of its products, like the Lexus HS 250h, can't be made fast enough.

If Toyota does cease production on both lines and close the endangered NUMMI plant in California, that will eliminate 700,000 cars from its annual tally – which would mean more painful measures to be taken, according to the Nikkei report. But unlike its Japanese compatriots at Honda and Nissan, Toyota is still writing in red ink, and it doesn't expect to fully turn the corner in the near term. Toyota's official statement is that it hasn't yet decided on the depth of the cuts.

[Source: Automotive News, sub. req'd | Image: Justin Sullivan/Getty]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • 2015 Toyota Highlander
    MSRP: $29,765 - $44,140
    2015 Jeep Grand Cherokee
    MSRP: $29,995 - $64,895
    2015 Honda Accord
    MSRP: $22,105 - $33,630
    2015 Honda Civic
    MSRP: $18,290 - $26,740
    2015 Mazda Mazda3
    MSRP: $16,945 - $25,545
    Share This Photo X