U.S. automotive sales took another high double-digit dive as revenues among the leading manufacturers fell more than 35% in December. The news comes on the heels of a similarly dismal automotive report for November.
12 January, 2009
Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company announced recently. The Japanese auto giant said the suspension will affect production at all 12 of Toyota's directly operated domestic plants, which include four vehicle assembly plants and also factories that make transmissions, engines, and other parts. The stoppages are in addition to a three-day shutdown this month at these plants that Toyota had already announced.
12 January, 2009