Toyota will Temporarily Reduce Production in France, to Adapt to a Decrease in Sales
Japanese car manufacturer Toyota announced Monday it would temporarily reduce production from France to adapt to a decrease in sales, following recall, reports AFP.
Japanese group, the largest car manufacturer in the world, also confirmed he wanted to extend measures to reduce production in the two factories in Britain.
Toyota has recalled, in total, service over 8.5 million cars in recent months because of problems with the accelerator pedal, the pressure for the brake pedal cars or hybrid models.
French plant in Onnaing will inrerupe production for several days, between early March and the end of April, said Toyota, without providing further details.
This plant has a production capacity of 270,000 cars a year.
You may also be interested in . . .
Toyota Motor Corp., Which benefits from excess production capacity in North America in a period when sales decline, will spend about 500 million dollars to re-equip a factory in Indiana, being the largest investment in 2009, reports Bloomberg .
Toyota did a recall of 2.3 million cars sold in the U.S... . The new recall comes complete Toyota's recall did late last year when they were recalled 4.2 million cars.
Toyota is a giant recall in the United States. Japanese will recall 3.8 million vehicles in service on Wednesday.
Toyota sold in 2008 a total of 8972 million vehicles in the world whereas the historical leader General Motors (GM) reported its sales dropped 21 percent in 2008 in North America. Total sales slumped 11 percent, the company said, according to Reuters. Shares of GM were up 4.29 percent or 15 cents to $3.65 each in premarket trading at 9:12 a.m. at the New York stock Exchange.
Japanese car manufacturer Honda has received many recall announced by Toyota, exceeding and market share in the United States, shows a survey of TrueCar.com and quoted by AFP.
Thus, the Toyota group's market share fell 5.4 percentage points, from 17.5% in the first three weeks of January, to 12.1% during January 21 to February 15.
Hyundai-Kia Group is currently the fourth largest manufacturer in the automotive world hierarchy, after the first half of 2009. But this year the top is not a result of loss of sales but more reduced. Also, Toyota is in danger of being outrun by GM, which recorded lower losses and increased production.
Daimler announced will invest 3 billion euros in developing the line of compact models.
Daimler, the second luxury car manufacturer in the world, wants to invest 3 billion in German factories to expand its line of compact models.
Comments
Post new comment