© Reuters. FILE PHOTO: An indication is seen outdoors a Tianjin Faw Toyota Motor Co. Ltd showroom, a three way partnership between China’s Tianjin FAW Xiali Automobile Co Ltd and Japan’s automaker Toyota Motor Corp, in central Beijing October 9, 2012. REUTERS/David Gray/File Photo
SHENZHEN, China (Reuters) – Toyota Motor (NYSE:) has halted manufacturing on some ageing traces at three way partnership in China whereas operations proceed as regular, the Japanese automaker mentioned on Saturday after a media report that it was partially suspending manufacturing resulting from weak gross sales.
The manufacturing halt on the Tianjin enterprise with China’s FAW was a deliberate transfer, and Toyota is adjusting manufacturing each day based mostly on modifications in car composition, a spokesperson mentioned by electronic mail.
The electronic mail didn’t particularly deal with the Friday report by Japan’s Jiji information service that the world’s largest automaker by gross sales was suspending some manufacturing as a part of a serious manufacturing adjustment in response to weak gross sales of gasoline-engine automobiles.
The spokesperson didn’t instantly reply to follow-up requests for remark. A FAW consultant didn’t reply to a request for touch upon the Jiji report.
Reuters reported final month that Toyota had instructed sellers it will prolong a plan to cut back output on the FAW enterprise.
Slowing gross sales pose a rising problem to Toyota in China which accounted for practically a fifth of Toyota’s worldwide gross sales of about 8.5 million autos over the primary 10 months of the yr, together with gross sales of its luxurious Lexus model.