Toyota Motor Corp. Australia Ltd. is scaling back production in what it calls the most serious challenge it has faced in its 50 years in the country. “I think we have to invent something that we have never done before in terms of (a) production system, as well as in terms of how to sell a car,” Toyota CEO Max Yasuda tells the Australian Broadcasting Corp.’s Inside Business TV show. “Up until the end of last year, the market in the Middle East was better off than any place. So our export ...

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