According to a report by Japan's Nikkei, Toyota will reduce its Japanese production capacity to about 3.1 million units by 2014. That figure would represent greater than a 10 percent reduction from Toyota's current production capacity of 3.6 million units.
Despite those steep reductions, Toyota is not planning to layoff any factory workers in its home country.
Prior to the economic collapse, Toyota's Japanese production capacity was about 3.9 million units.
Lexus dealers in the U.S. are pressuring Toyota to shift production of the ES 350 from Japan to the United States, but there is so far no indication that that will happen any time soon.
