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toyota production cuts
According to Reuters, Toyota has scaled back its production forecasts for 2011. Thanks to slowly improving sales in the U.S., the automaker has trimmed its plans for next year from eight million vehicles to 7.8 million – a drop of 200,000 units. If that's the case, 2011 will mark the third ...
A recent report out of Japan had Toyota preparing to cut domestic vehicle production by up to 20 percent in the fourth quarter of 2010. Why? Sales of hybrids and other fuel efficient vehicles are expected to drop following the expiration of tax incentives on those vehicles. Now comes word that ...
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 ...