Toyota cuts forecasts after Thai floods
Saturday 10 December 2011
Toyota Motor Corporation has cut its annual sales forecasts, blaming the disruptions due to the Thai floods.
The Japanese motor giant said it expects to sell 7.38 million vehicles globally in the year to 31 March, down from 7.6 million. The group said it expects factories in Thailand to return to normal levels of production some time this month following the flooding there.
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