Sales cuts


Toyota cuts global sales target to 9.5M vehicles

If there was ever any doubt that the auto industry is in a very rough patch, today's news from Toyota should erase any doubt. A Japanese newspaper is reporting that the automotive juggernaut has unofficially revised its 2008 sales forecast from an ambitious 9.85m vehicles to a still blistering 9.5m units. Not only is the high price of gas and a dismal U.S. market contributing to Toyota's woes, it's also seeing slower than anticipated sales in Japan and Europe. The news comes a month after Toyota announced U.S. cuts of its trucks and SUVs. ... Read more →

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