Toyota to cut global capacity by 1 million vehicles
Toyota Motor Corp, the world's biggest automaker, will cut its global production capacity by 10 percent, or 1 million vehicles, the Nikkei business daily reported.
Toyota on Monday cut its 2008 global sales forecast by 350,000 vehicles, or 3.5 per cent, to reflect plunging sales in the US of its pick-up trucks and SUVs.