Toyota shuts plants for 11 days (BBC)

[eppur_se_muova]

Toyota is to halt production at all 12 of its Japanese factories for 11 days in February and March as it tries to reduce its stock of unsold cars.

It had already announced a three-day halt for January, but before that it had not cut production since 1993, when it did so for one day.

Toyota's sales in the US fell 37% in December, which was a worse decline than either General Motors or Ford.

About 40% of the cars Toyota sells in the US are made in Japan.

Despite the gloomy news, Toyota shares rose 1.3% in Tokyo on Tuesday as the yen weakened against the dollar.
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more: http://news.bbc.co.uk/2/hi/business/7813022.stm

edit: attribution