Toyota's production plunges by about 50%

Source: Agencies | March 25, 2009, Wednesday |

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TOYOTA Motor Corp said yesterday that its global production plunged by nearly half in February from a year earlier, while Honda and Nissan reported similarly grim figures highlighting the woes facing Japanese auto makers.

Separately, the Japan Automobile Manufacturers Association said auto sales in Japan for the fiscal year through March 2010 are expected to drop 8 percent from the previous year to what would be a 32-year low of 4.297 million vehicles.

The last time domestic sales were lower was in fiscal 1977, when 4.23 million vehicles were sold, it said.

Toyota's production figures ?? which include Daihatsu Motor Co, which makes small cars, and truck maker Hino Motors ?? showed global production for February tumbled 49.6 percent to 434,179 vehicles. Toyota's production in Japan for the month declined 56.4 percent year on year to 207,743 vehicles.

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Toyota's production plunges by about 50%

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