Reuters reported exclusively that Toyota Motor Corp plans to slash production in North America by nearly a third through October due to the coronavirus crisis and expects it will take some time for output to return to normal. Toyota will build about 800,000 vehicles, including its RAV4 SUV crossovers and Camry sedans, at plants in the United States, Canada and Mexico from April through to the end of October. That’s down 29% from the Japanese automaker’s output in the same seven months of 2019 and 32% lower than its forecast in January for production during the period.
Reuters exclusively reports Toyota to cut North American output by 29% through October
11 May 2020, 12:00 am 1 minute
Type: Reuters Best
Win Types: Exclusivity
Story Types: Exclusive / Scoop