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23Report: Toyota to cut domestic production 20 percent as hybrid subsidies end

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.

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