Cars
The enduring global economic crisis brings more bad news for Toyota. Citing an unnamed senior official, Japan's top-selling newspaper Yomiuri said that Toyota's domestic output that accounts for about half of the firm's worldwide production, will drop to 3 million vehicles in 2009, down 25 percent from 2008 when it produced 4 million units. What makes things even worse is that the unnamed official told the newspaper that "producing 3 million vehicles is the minimum necessary for Toyota to keep its full-time workers."
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- Toyota To Decrease Japanese Production Capacity 20% By 2015
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- New Study Predicts Global Vehicle Sales Will Drop 13% In 2009
Global light vehicle sales could fall as much as 13% to an estimated total of 56.8 million units in 2009, according to a study released by R. L. Polk & Co, a Michigan-based firm that collects and interprets automotive data. The report forecasts that...
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South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
Cars
Report: Toyota's Japanese Production May Fall 25% in 2009
The enduring global economic crisis brings more bad news for Toyota. Citing an unnamed senior official, Japan's top-selling newspaper Yomiuri said that Toyota's domestic output that accounts for about half of the firm's worldwide production, will drop to 3 million vehicles in 2009, down 25 percent from 2008 when it produced 4 million units. What makes things even worse is that the unnamed official told the newspaper that "producing 3 million vehicles is the minimum necessary for Toyota to keep its full-time workers."While Toyota's spokesman Keisuke Kirimoto declined to back up the report from Yomiuri, he did note that the last time that the company's domestic production fell under 3 million was 30 years ago, in 1979, when it rolled out 2.99 million vehicles in Japan.
Earlier this month, Toyota announced that it would shut down its operations at all 12 of its Japanese factories for three days in January and 11 days over February and March. In 2008, the company saw its Japanese market sales drop by 7.4% over 2007.
Via: Businessweek , Source: Associated Press
- Gm Is World’s Number One Automaker, Toyota Drops To 3rd Place Behind Vw
Well, it was almost certain to happen after the March 11 earthquake and Tsunami hit Japan causing multiple problems to the country's automotive industry. Toyota, the world’s largest carmaker, saw its production drop by 23% to 3.37 million...
- Toyota To Decrease Japanese Production Capacity 20% By 2015
Toyota is planning to cut Japanese production over the next five years by approximately 700,000 units (from 3.9 to 3.2 million) or close to 20% and move it into countries that would provide significantly cheaper labor, according to a report from Bloomberg....
- Global Nightmare? Toyota Accelerator Pedal Recall Spreads To Europe, 1.1 Million More Cars Added To U.s. Recall
Toyota's sticky accelerator woes are turning into a global nightmare as the world's largest automaker said today that the large-scale recall would spread to Europe while the company revealed that an additional 1.1 million vehicles in the States...
- New Study Predicts Global Vehicle Sales Will Drop 13% In 2009
Global light vehicle sales could fall as much as 13% to an estimated total of 56.8 million units in 2009, according to a study released by R. L. Polk & Co, a Michigan-based firm that collects and interprets automotive data. The report forecasts that...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...