China Troubles Cause Toyota Cutbacks

Toyota may be cutting back its global group production by 200,000 units in the 2012 calendar year, writes Reuters, as a reaction to sharply reduced sales in China after the island row. Toyota's China sales were down 49 percent in September. The story is based on a report in the Mid-Japan Economist newspaper, which is published near Toyota's Aichi HQ. The paper confirms what TTAC had said for months, namely that Toyota wanted to produce slightly more than 10 million cars this year. If the report is right, this number would drop to 9.8 million. Even at the reduced level, Toyota would likely regain the top spot, with GM close behind. We will know more about GM when it publishes its Q3 data in a few days. If the story is correct, then the China protests create bigger damage than thought. The 200,000 unit cutbacks would amount to more than half of the planned China production for the last four months of the year.  Toyota did not comment on the story. from The Truth About Cars http://www.thetruthaboutcars.com

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