http://www.nytimes.com/2008/07/11/b...a.html?_r=2&th&emc=th&oref=slogin&oref=slogin
"Toyota acknowledged Thursday that, like its rival automakers in Detroit, it misjudged the drastic swing in the American market away from larger vehicles.
With sales of pickups and big S.U.V.’s tumbling, Toyota said it would shut down truck production at two United States plants for three months and consolidate its pickups into one factory next year."
“We never have faced anything like this before,” Mike Goss, a Toyota spokesman, said. Sales of Toyota’s full-size Tundra pickup fell 53 percent in June, and the company has bulging inventories of both the pickup and its large Sequoia S.U.V."
Toyota Scaling Back Production Of Its Gas Hogs
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by GatorJZ, Jul 11, 2008.