Toyota Making More Cuts at US Plants

Not a surpirse..Honda (NYSE:HMC) ought to follow suit soon.

Toyota Motors Corp. (NYSE:TM) said late Thursday it is adding more "non-production" days to its manufacturing schedule this year, idling several North American plants to cut costs and trim inventory in the face of falling auto sales. The company said the number of days individual plants would be idled varies, with some plants now looking at up to 30 days of downtime between Jan. 1 and April 3. At least 10 of the models Toyota makes in North America will be affected. Toyota sales fell nearly 38% in December from a year earlier, a trend hurting all car makers as tight credit markets, rising unemployment and a deepening recession sideline buyers.