Aug. 26 (Bloomberg) — Toyota Motor Corp., Japan’s biggest automaker, plans its first long-term closure of a domestic assembly line as car sales in the country fall to the lowest in more than 30 years.
Toyota, which cut domestic production 49 percent through June, will reduce output by about 220,000 vehicles by shutting down a line [...]
Japan has exited recession after recording growth of 0.9% in the April-June quarter, compared to the first.
The economy had shown four consecutive quarter-on-quarter contractions.
Recent figures have shown other nations are also coming out of the recession, including Germany, France and Hong Kong, a sign the slowdown is easing
If [...]
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