The fiscal year ending March 31st is shaping up to be a rough one for Toyota , with the Japanese automaker planning to slash production even further. On the heels of slumping global demand, Toyota will be cutting its domestic February-April production by half.
According to Reuters, Toyota will be cutting its Japanese production by half during the February to April period. The Japanese automaker typically produces about 18,000 vehicles a day, but that output will be reduced to 9,000 units per day during the slowdown.
The latest production cuts are in addition to Toyota’s 11-day shutdown of its 12 domestic plants. All of Toyota’s Japanese production plants will be idled for 11-days during a stretch from February to March.
Toyota reduced its production forecast by 950,000 units in November 2008, with the latest cuts likely to push that figure closer to the 1.5 million unit mark.
