June 20 Toyota Motor Corp will cut its
production capacity in Japan by more than 10 percent from
current levels to about 3.1 million units by 2014, continuing to
reduce its domestic output, the Nikkei said on Wednesday.
The automaker will not lay off workers as part of the cuts
and is keen to ensure that its domestic suppliers and partners
remain profitable, the newspaper said.
The company wants to maintain domestic production at about 3
million vehicles per year, down by about 500,000 units from
current levels, even if a strong yen hurts export profitability,
the business daily said.
Toyota has already cut capacity by 100,000 units at its
subsidiary's factory in Shizuoka Prefecture in Japan and its
overall domestic capacity is expected to fall to about 3.6
million units this year, the Japanese daily said.
The company's capacity was about 3.9 million vehicles in
Japan before the global financial crisis hit, the Nikkei said.