Toyota to freeze production
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Tokyo - Toyota Motor Corporation, the world's biggest automaker, is to halt production at all its Japanese plants for a total of 11 days in February and March in a bid to reduce stocks of unsold cars as demand has slumped.
Toyota's sales in the United States, its biggest market, dropped 37% last month, its weakest performance in more than a quarter of a century and worse than struggling US rivals General Motors and Ford Motor.
Toyota had already announced a three-day production halt this month at its 12 directly operated Japanese plants -- four car assembly plants and eight for engines, transmissions and other components.
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