Exclusive: Toyota plans to cut North American production by 29per cent through October, source says

Toyota Motor Corp plans to slash North American production by nearly a third through October and expects it will take some time for output to return to normal, according to a person familiar with the matter.

FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar SuTOKYO: Toyota Motor Corp plans to slash North American production by nearly a third through October and expects it will take some time for output to return to normal, according to a person familiar with the matter.

Toyota will build around 800,000 vehicles including its RAV4 SUV crossovers and Camry sedans through October at plants in the United States, Canada and Mexico, the person told Reuters. That is down 29per cent from the same period last year. The source declined to be identified because the information is not public.The scaled-back numbers also represent a 32per cent cut from the Japanese automaker's forecasts in January, highlighting the pain from the coronavirus crisis.

A Toyota spokeswoman declined to comment on production plans. Toyota is gradually resuming output at its seven North American sites from Monday.

Source: Car News Wire (carnewswire.net)

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