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Toyota cut production of cars in the 2009 fiscal year by 20%

Japanese avtokontsern Toyota plans to cut production of cars in the 2009 fiscal year at all its factories in Japan and abroad by 20% and bring it to a level of 6.2 million vehicles. The plan, reported on Saturday, ITAR-TASS news agency in the National Association of automotive companies, «was approved in a closed production meeting held yesterday in the city of Nagoya in the central headquarters of the group». It was attended by representatives of 450 major enterprises of the corporation and its «smezhnikov».

set out this point, the management company called partners «reduce accordingly the volume of deliveries of components». Businesses also recommend «to reduce the cost of production».

In 2007, the global automotive industry leader Toyota came to a record level of global production – 8.7 million cars. However, scheduled for this year’s plan, say analysts, will be below this level by nearly 30%.

total production of automobiles in Japan fell in January this year by 41% year on year, which was the worst figure for the Japanese automobile industry over the past 42 years. In January, it was also observed a decrease in exports of Japanese cars to 9,1%.