COLUMN-Why the carmaker in front is cutting back: Neil Collins

Newswire

-- Neil Collins is a Reuters columnist. The opinions expressed are his own -- By Neil Collins LONDON, Aug 26 (Reuters) - Good news: global car capacity is being cut by 700,000 vehicles. Bad news: the company doing the cutting is the world's most efficient manufacturer, Toyota. Across the world, governments are pledging money to keep local plants open, mostly plants which have no long-term future, and which are far less efficient than the production line in Japan that Toyota is closing ...

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