Toyota to Shut Factories for 11 Days
01-07-2009, 10:44 AM
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Toyota to Shut Factories for 11 Days
Toyota to Shut Factories for 11 Days
By MARTIN FACKLER
TOKYO — Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.
The Japanese auto giant said the suspension would affect production at all 12 of its directly operated domestic plants, which include four vehicle assembly plants and also factories that make transmissions, engines and other parts. The closings are in addition to a three-day shutdown this month at these plants that Toyota had already announced.
The move is unusual for a company that seemed unable to keep up with demand for its fuel-efficient vehicles. But even strong players like Toyota have failed to escape the slowdown in the industry.
By MARTIN FACKLER
TOKYO — Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.
The Japanese auto giant said the suspension would affect production at all 12 of its directly operated domestic plants, which include four vehicle assembly plants and also factories that make transmissions, engines and other parts. The closings are in addition to a three-day shutdown this month at these plants that Toyota had already announced.
The move is unusual for a company that seemed unable to keep up with demand for its fuel-efficient vehicles. But even strong players like Toyota have failed to escape the slowdown in the industry.
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