Japanese Automakers Raising Domestic Output Ahead of Sales-Tax Boost

Newswire

TOKYO, Dec 29 (Reuters) - Japanese automakers will ramp up production early next year because they expect a big increase in car purchases before a sales tax hike in April, media reported on Sunday. Toyota Motor Corp will increase domestic output in January-March by about 10 percent compared with this month, the Nikkei business daily reported. Toyota has already told its parts suppliers that daily output in January-March will total around 14,000 vehicles, the Nikkei said without citing the ...

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