Toyota extends output cut at Chinese JV to ease dealer pressure

<p>Toyota extends output cut at Chinese JV to ease dealer pressure</p><p><a href="https://piqsuite.com/reuters/toyota-extends-output-cut-at-chinese-jv-to-ease-dealer-pressure" target="_blank" rel="nofollow">FULL STORY</a></p><p>Japan's Toyota Motor has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition. </p><p>The cut, which was initially for October and November, will be extended by three months, Toyota's joint venture with China's state-owned FAW Group said in a letter dated Nov. 3, which was seen by Reuters and verified with one of the dealers. </p><p>Its aim is to ease inventory pressure on dealers and ensure they can operate well in the "severe market environment".</p><p>~ Further evidence of the Big Trouble in (not-so) Little China</p>

This article was written by Ryan Paisey at www.forexlive.com.