Report: Toyota to halve Japanese production

The global downturn in car sales is a familiar topic these days, and even the production juggernaut of Toyota is facing unseen declines in demand for its products. To help realign output with that demand, the carmaker recently announced plans to shut down all 12 of its Japanese plants for a total of 11 days in February and March. Latest reports indicate that the carmaker will also build just half the number of vehicles it produced the previous year in Japan for the months of February, March and April.