WDET News
- Toyota Cuts Vehicle Production
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Dec 10, 2008Automotive & Business - Link to Audio
2008 Toyota TundraToyota has announced that it will cut its North American vehicle production over the next couple of months. Detroit Public Radio’s Jerome Vaughn has more.
SOQ
Officials for the automaker say the economic slowdown in the U-S has cut into demand for Toyota’s cars and trucks.
The Japanese automaker will shut down production at its Georgetown, Kentucky plant for nine days…and at its Princeton, Indiana plant for six days. Facilities in Woodbridge and Cambridge, Ontario will also experience short-term closures.
The company has not said how many fewer vehicles will be produced because of the temporary plant closures.
Toyota has also suspended vehicle production in Japan. And the automaker has reduced its profit and production targets for 2009.
The entire U-S auto industry has been hurt by falling consumer confidence and tightening credit markets.
Toyota vehicle sales fell 34 percent in the U-S last month – compared to November 2007.