Toyota to cut capacity to match demand in the market
August 27th, 2009 Leave a comment Visited 37 times, 1 so far today
Toyota to cut capacity to match demand in the market
Japanese automaker Toyota has revealed that they are now going to cut capacity in their plants around the world to match the demand in the market.
Sources say that the company could cut their capacity by around 700,000 vehicles globally.
The worsening economic condition around the world means that the company is not selling as many vehicles as they were expecting.
The company is said to have plans to lower its global capacity by 10 percent by next year.
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