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Saturday, January 24, 2009

Toyota to Cut Domestic Production in January-March Quarter

Global car maker Toyota might reduce its domestic car production in January-March quarter because of the strengthening Japanese currency against foreign currencies. Toyota could cut its total production volume in Japan by 40 percent during January-March quarter compared to the same period of last year. If the reports are to be believed, then domestic production of Toyota might continue in April too. In fact, Toyota’s domestic production might fall by 60 percent in April.

Related article:

Bloomberg

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