Wednesday December 10, 05:01 AM
Toyota to cut more production in North America
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TOKYO (AFP) - Toyota Motor Corp (Frankfurt: 853510 - news) . said Wednesday it would further reduce production in North America to cope with a slump in the global auto industry .
The carmaker plans to suspend part of the production in Indiana and Kentucky for up to nine days and in Canada for up to 10 days early next year.
Japan's leading automaker will also halt production of its Tacoma and Corolla brands at a plant jointly operated with General Motors (NYSE: GM - news) in California for 10 days, a Toyota spokesman said.
"At the plant in Kentucky, all the assembly lines will be suspended for nine days," said Toyota spokesman Hideaki Honma, who declined to confirm what the impact would be on the number of vehicles produced.
The cuts are in addition to plans already announced by Toyota to reduce production at its US, Canadian and French factories, and lay off 3,000 temporary workers in Japan.
Toyota has also moved to cut domestic production, including that of the luxurious Lexus brand, and slash management bonuses by 10 percent as it seeks to cut costs in the face of plunging profits.
The global slowdown has badly shaken Japan's automakers, which in recent years have cashed in on worldwide demand for their cars.
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