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Toyota Scaling Down Large Vehicle Output in U.S.
 

Tokyo, June 18, 2008 (Jiji Press) - Toyota Motor Corp. <7203> will scale down its output of large vehicles in the United States amid slowing sales of such gas-guzzlers, it was learned Wednesday.

Production cuts will take place at three of its U.S. plants, which produce the Tundra pickup truck, the Sequoia sport-utility vehicle and their engines, Toyota officials said.

The Texas plant, which makes the Tundra, will have additional holidays totaling 14 days by the end of October.

Similarly, the Indiana plant, which produces the Tundra and Sequoia models, is scheduled to increase non-operation days by six days in August and the Alabama plant, which manufactures Tundra and Sequoia engines, by five days in the same month.

The move came after Toyota started adjusting production of the large models at the Texas and Indiana plants in May by expanding per-unit assembly time. Sales of such vehicles have slumped in the United States in the wake of the subprime mortgage market meltdown and surging gasoline prices.

By Jiji Press, (c) Jiji Press

Copyright © 2010 JCN. All rights reserved. A division of Japan Corporate News Network KK.


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