UPDATE 1-Toyota to cut global capacity by 1 mln vehicles-Nikkei


Aug 26 (Reuters) - Toyota Motor Corp , the world's biggest automaker, will cut its global production capacity by 10 percent, or 1 million vehicles, the Nikkei business daily reported. The production cut will come as early as this fiscal year to raise utilization at underused plants, the paper said. The automaker plans to initiate the cuts by first shutting down New United Motor Manufacturing Inc (NUMMI), a joint venture with General Motors Co [GM.UL], and halting production lines at ...

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