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Toyota Extends Shutdown Due To Slow Sales

Toyota has announced Wednesday it will reduce production in the U.S. to cope with slowing sales.

**FILE** In this Nov. 15, 2006 file photo, a Toyota Tundra truck is inspected during the final stages of assembly at the Toyota Manufacturing Texas, Inc. San Antonio. A Toyota official speaking Thursday, July 10, 2008, to The Associated Press says the company plans to shut down a San Antonio plant that makes the Toyota Tundra pickup for three months to reduce inventory and stop making pickups in Princeton, Ind. . (AP Photo/Eric Gay, File)

Toyota has announced Wednesday it will reduce production in the U.S. to cope with slowing sales.

Toyota says they will stop production at all its plants in the U.S. and Canada for two extra days in addition to the regular Christmas holidays next month, and cut about half of 500 temporary workers at a plant in Georgetown by March.

Beginning in January, Japan's top automaker plans to reduce production of the Sienna minivan at its Indiana plant, and slow a line for the Camry and Avalon sedans at the Kentucky plant.

We're told Toyota will also eliminate a shift producing the Tacoma pickup truck.

The production cuts are the latest effort by the company to deal with shrinking demand in the U.S., which is expected to slip into recession this year.

Earlier this month, Toyota said net profit for the July-September quarter plunged 69% and downgraded its full-year profit forecast to about a third of last year's result.

Officials said the company also is assessing its manufacturing operations.


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