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Toyota Cuts North American Production For 2 Days

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Toyota Cuts North American Production For 2 Days

Economy

Toyota Cuts North American Production For 2 Days

Toyota Cuts North American Production For 2 Days

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The world's biggest automaker says it will stop production at all U.S. and Canadian factories for two days next month. Toyota's assembly, transmission and engine plants will close in late December as the company tries to work through excess inventory. The Japanese carmaker is in much better financial shape than its U.S. rivals, but sales of Toyota's vehicles also are plunging.

STEVE INSKEEP, host:

NPR's business news starts with the way a Japanese carmaker handles the downturn.

(Soundbite of music)

INSKEEP: Toyota says it will stop production in all U.S. and Canadian factories for two days next month. Toyota's assembly, transmission, and engine plants will close in late December as the company tries to get rid of excess inventory. The Japanese carmaker is in much better financial shape than its U.S. rivals, but sales of Toyota's vehicles are dropping along with everybody else. And the company has already scaled back production so it doesn't end up with too many cars.

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