Actually it's lowering its 2008
target by 4.5%. If the target is 9.5 million and they built 9.49 million last year, in 2007, the production for this year - if it goes according to their revised plan - would actually be up 0.1%.
Your headline is not accurate according to the linked article:
Quote:
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The Nikkei reports that Toyota Motor Corp. plans to lower its worldwide output target 4.5% this year from 9.95 million units to as low as 9.5 million as sales of large vehicles slump in the US.
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