Toyota to suspend domestic plant operations to cut output

Toyota to suspend domestic plant operations to cut outputTokyo - Toyota Motor Corp decided to further reduce output by halting operations for 11 days at 12 domestic plants in February and March, the company said Tuesday.

Due to rapid decline of overseas demand, the leading automaker suspended operations for three days this month at almost all its domestic factories.

Toyota also plans to stop some production lines during the night shift at 13 parts-factories including subsidiaries in and outside Japan this month.

The automaker recently lowered its global sales projection for 2008 by 4 per cent from an initial forecast to 8.96 million units.

Toyota expects the first operating loss in the company's history for the fiscal 2008 amid global financial crisis. (dpa)

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