Automotive News for January 2009

Automotive News Archive

December Auto Sales Tumble 35%; 2008 Sales Down Overall December Auto Sales Tumble 35%; 2008 Sales Down Overall

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.

Toyota to Idle Plants to Scale Back Production

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.