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Deja Bù: Mark reconnects with Jessica Harnois, founder Bù Wines | SaltWireSHANGHAI - 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.
Its aim is to ease inventory pressure on dealers and ensure they can operate well in the"severe market environment". As a result, car sales to Toyota dealers would be reduced to 66,000 units in December, 60,000 units in January and 38,000 units in February, it added in the letter.While Toyota has avoided the kind of hit other Japanese automakers such as Nissan Motor Honda Motor have taken in China from a shift to electric vehicles and the rise of domestic brands, it still faces pressure in the world's biggest auto market.
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