Toyota to cut output at two plants in Canada

Wed Dec 10, 2008 11:51am EST
 
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DETROIT (Reuters) - Toyota Motor Co said on Wednesday it would cut output at two plants in Canada this month and next as it adjusts to lower sales in North America.

The cuts come in addition to similar steps announced last week to cut output at the company's U.S. factories in Kentucky, Indiana and California over the same period.

Toyota is idling the Canadian production line that makes its Corolla and Matrix models for 10 additional days in December and January, spokesman Mike Goss said.

That plant in Cambridge, Ontario, has a second line that makes its Lexus RX350 luxury sport utility vehicle. That Lexus line will be idled for five days in January, Goss said.

Toyota's second plant in Woodstock, Ontario, will be idled for five days in early January, Goss said. That plant makes the RAV4, a small SUV.

Despite a high-profile zero-percent offer, Toyota's U.S. sales tumbled 34 percent in November.

Like its rivals, Toyota has been caught out by the collapse in demand for cars and trucks in the United States, a downturn that accelerated in October and November amid tightening credit and deepening consumer uncertainty.

(Reporting by Kevin Krolicki, editing by Dave Zimmerman)