Toyota extends output cut at Chinese JV to ease dealer pressure

Japan's Toyota Motor has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition. The cut, which was initially for October and November, will be extended by three months, Toyota's joint venture with China's state-owned FAW Group said in a letter dated Nov. 3, which was seen by Reuters and verified with one of the dealers. "Production from December to February next year will continue to be reduced by a large amount," FAW Toyota said.