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Toyota cuts production in China
Published on: 2008-09-29
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Toyota Motor, Japan's largest car company, has started cutting its production in China as sales growth in the area is not increasing as expected. "Sales in China are not as expanding as we had thought. Sales in the market as a whole are not expanding as rapidly either. So we are taking flexible approach to adjust production such as by altering the pace of production in Guangdong operation," a spokesman of Toyota, Paul Nolasco, said. Sales of cars in China fell 6.2% in August, the first monthly decline in more than two years as high fuel prices and a falling stock market dented consumer demand, the country's industry association said earlier this month.
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