WRAPUP 2-Toyota to cut N.America output, Nissan downbeat

miércoles 19 de noviembre de 2008 10:33 CET
 

* Toyota to stop all N.American output for 2 days next month

* Toyota's China sales could fall 15 pct short of plan

* Nissan downbeat but committed to lowered annual forecasts (Adds Nissan comments on government aid)

By Chang-Ran Kim, Asia autos correspondent

TOKYO, Nov 19 (Reuters) - Reeling from a relentless sales slide, Toyota Motor Corp (7203.T: Cotización) said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co (7201.T: Cotización) renewed its pessimism over the industry's near-term prospects.

Tight credit and worries over the spread of recession around the world have battered car sales in all major markets, forcing automakers to cut production to prevent inventories from ballooning further.

Toyota, the world's biggest automaker, had already cancelled all U.S. production of slow-selling light trucks for three months this summer. A spokeswoman said production would be reduced further in 2009 at three U.S. assembly plants.

The worst economic crisis since the 1930s has hit healthy car makers hard and ailing rivals even harder, threatening the survival of Detroit's Big Three.

Chief executives of General Motors Corp (GM.N: Cotización), Ford Motor Co (F.N: Cotización) and Chrysler LLC [CBS.UL] warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package to ride out the storm. [ID:nN18548335]   Continuación...