PREVIEW-Toyota to cut 2009 sales target, shares to struggle

Newswire

By Chang-Ran Kim, Asia autos correspondent TOKYO, Aug 22 (Reuters) - Toyota Motor Corp is set to trim its goal of selling more than 10 million vehicles in 2009 by at least 5 percent, and with no sign of the U.S. economy turning a corner, its shares are likely to languish near three-year lows. Hit by a meltdown in demand for gas-guzzling vehicles in North America, Toyota last month cut its 2008 global sales forecast by 3.7 percent to 9.5 million vehicles, inevitably delaying a plan to ...

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