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Toyota to cut production of China-bound cars

 

AGENCIES | Tokyo, September 25, 2012 13:13
Tags : toyota | production cut down | China bound cars | automobiles for china |
 

ToyotaToyota Motor Corp. announced on Tuesday that it will scale back production of automobiles bound for China as sales have plunged in the country amid a simmering territorial row.

The industry giant resumed operations at all of its nine plants on Monday in China for the first time in one week after partially suspending them, but with reduced output, reported Xinhua citing company officials.

The two countries are embroiled in a bitter spat over the Diaoyu islands in the East China Sea, which has cut into the business of the automaker in China, leading to plummeting sales and piling up of inventories.

 

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Issue Dated: Feb 5, 2017