Toyota Slashes Global Production By 46 Percent http://www.thetruthaboutcars.com/toyota-slashes-global-production-by-46-percent/ By Edward Niedermeyer May 29th, 2009 Holy global overcapacity, Batman! Trading Markets reports that the worldâs largest automaker is cutting Japanese production in half, and overseas production by 43 percent, as it struggles to touch bottom. Toyota and its Hino and Daihatsu subsidiaries will produce 433,979 units gobally in April, down 46 percent from April 2008. Exports from Japan have been hit especially hard, dropping 70 percent (year-on-year) in April. According to the WSJ, all of the Japanese majors are dramatically decreasing domestic production on falling sales. Even without bankruptcy filings, it seems everyone in the gobal car game is facing some form of reorganization. Like Renault/Nissanâs new attempt to find another $2b in âsynergyâ savings. Try looking under the couch cushions, guys.