Toyota and Honda have experienced a surge in demand for hybrid vehicles in their home market over the past two years thanks to generous government incentives for "eco cars." The Toyota Prius has been the top-selling vehicle for more than a year and even the oft-derided Honda Insight has sold beyond expectations. Unfortunately for the automakers involved, those incentives end in October and with the expected drop in sales, Toyota is reportedly planning to cut domestic production.

The Japanese Kyodo news agency reports that Japan's largest automaker will cut production from its current 14,000 vehicles a day to fewer than 12,000 in the final quarter of the year. The automaker does expect sales to recover later in the year and has maintained its production target for the full fiscal year.

[Source: Reuters]

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