Report: Toyota to cut domestic production 20 percent as hybrid subsidies end
07-22-10, 10:40 AM
#1
Lexus Fanatic
Thread Starter
Report: Toyota to cut domestic production 20 percent as hybrid subsidies end
http://www.autoblog.com/2010/07/22/r...t-as-hybrid-s/
Toyota and Honda have experienced a surge in demand for hybrid vehicles in their home market over the past two years thanks to generous government incentives for "eco cars." The Toyota Prius has been the top-selling vehicle for more than a year and even the oft-derided Honda Insight has sold beyond expectations. Unfortunately for the automakers involved, those incentives end in October and with the expected drop in sales, Toyota is reportedly planning to cut domestic production.
The Japanese Kyodo news agency reports that Japan's largest automaker will cut production from its current 14,000 vehicles a day to fewer than 12,000 in the final quarter of the year. The automaker does expect sales to recover later in the year and has maintained its production target for the full fiscal year.
Toyota and Honda have experienced a surge in demand for hybrid vehicles in their home market over the past two years thanks to generous government incentives for "eco cars." The Toyota Prius has been the top-selling vehicle for more than a year and even the oft-derided Honda Insight has sold beyond expectations. Unfortunately for the automakers involved, those incentives end in October and with the expected drop in sales, Toyota is reportedly planning to cut domestic production.
The Japanese Kyodo news agency reports that Japan's largest automaker will cut production from its current 14,000 vehicles a day to fewer than 12,000 in the final quarter of the year. The automaker does expect sales to recover later in the year and has maintained its production target for the full fiscal year.
Thread
Thread Starter
Forum
Replies
Last Post
jwong77
Car Chat
43
11-15-16 06:07 AM
bitkahuna
Lexus Prototypes and Next-Gen Technology
21
06-27-06 10:21 AM