Saudi Arabia introduces national policy to eliminate forced labor    Al Hilal solidifies Saudi Pro League lead with a 4-1 victory over Al Wahda    Al Nassr secures hard-fought 3-1 victory over Al Khaleej in Saudi Pro League    Al Hilal signs young Brazilian talent Kaio César from Vitória Guimarães    Roberto Firmino's volley secures Al Ahli's 2-1 win over Al Ettifaq    Saudi foreign minister expresses cautious optimism about Syria Prince Faisal will visit Lebanon soon    Saudi Aramco chief expects oil demand to rise by 1.3 million bpd this year    Saudi Minister of Economy and Planning meets with Schneider Electric chairman in Davos    Trump makes 'two genders' and anti-DEI policy official    Saudi Arabia takes part in Ministerial Meeting in New York in support of Yemeni government    Saudi Arabia is keen on continue working with US Princess Reema attends inauguration of President Trump    Arcapita & Parkway invest in a portfolio of high-growth Artificial Intelligence companies    "Dar wa Emaar" generates more than SR900 million in sales of "Tala al Khuzam" units within 2 months Unique housing and investment opportunity in north Riyadh    Princess Hessa bint Salman attends launch of fashion design exhibition in Riyadh Princess Noura Al-Faisal: Art of Heritage showcases Saudi identity with a modern vision    Trump vows to leave Paris climate agreement    Trump declares border emergency and scraps asylum app in immigration crackdown    Mexican border town declares state of emergency as Trump pledges mass deportations    Weight-loss drugs may boost health in many ways    Interior ministry introduces drone to enhance road security    Sir Anthony Hopkins mesmerizes Riyadh with his first live musical performance 'Life Is A Dream'    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Toyota to halt output in Japan
Published in The Saudi Gazette on 07 - 01 - 2009

Toyota Motor Corp. said Tuesday that it would suspend production at all of its domestic plants for 11 days in February and March in response to a slump in sales.
The move underscores the rapidly deteriorating fortunes of Japan's auto giants, which have racked up bumper profits in recent years and invested heavily to expand their production facilities overseas.
“We will suspend the operation of 12 Toyota factories in Japan for 11 more days,” a Toyota spokesman said.
Japan's top automaker is already idling its domestic plants for three days in January to cope with rapidly worsening demand.
The Japanese auto giant last month forecast its first-ever annual operating loss, blaming “an unprecedented crisis” in the global auto industry.
Toyota, which vies with troubled US firm General Motors for the crown of the world's largest automaker, has already moved to reduce production at its domestic, US, Canadian and French factories. It also plans to lay off 3,000 temporary workers in Japan, where it builds cars for both domestic and overseas markets.
Toyota reported Monday a 37 percent drop in US sales in December, capping a tough year during which the Japanese giant's sales in the world's biggest car market dropped 16 percent to 2.2 million vehicles.
Toyota Motor shares ended 40 yen, or 1.33 percent, higher at 3,050 yen on Tuesday.
Fewer Japanese are buying cars too. New vehicle sales in Japan slumped last year to the lowest level since 1974, an industry group said Monday.
Domestic sales, excluding mini-vehicles, tumbled 6.5 percent from the previous year to 3.2 million units for a fifth straight annual decline.
With its latest monthly US sales down by more than a third, Toyota is weighing further production cuts at its North American auto plants. It has mostly halted North American production this week as it tries to avoid an inventory overhang.
In December, New United Motor Manufacturing Inc., a joint venture between General Motors and Toyota to build vehicles in the United States, announced plans to close down for a couple of weeks over the next two months.
The Fremont-based manufacturing plant is facing a backlog of unsold vehicles. NUMMI makes about 400,000 Pontiac Vibes, Toyota Corollas and Tacoma trucks a year.


Clic here to read the story from its source.