Japan's automotive giant Toyota Motor Corp (NYSE: TM) is reportedly suspending production partially at its plant in Tianjin, China, in response to the intense sales competition in the world's largest automobile market.
Toyota's decision reflects a broader adjustment in production to align with the declining demand for gasoline-engine cars, reported Reuters, citing the Jiji news service.
Last month, Toyota informed dealers of its plan to continue reduced output at the joint venture facility with FAW, extending cuts initially planned for October and November ...