Watchlist Sponsored By :
- Boeing Mulls Pushing Back Dreamliner Deliveries
- Chief Executive Quits Australian Publisher Fairfax
- Asian Markets Wobble on Gloomy Economic Outlook
- Honda Plans to Pull Out of Formula One
- Job Cuts Picking Up Steam Just in Time for Holidays
- Pros Say: Bear Market Rallies = New Reality
- CEOs Sound Off: Budget Deficit, Bailouts & More
- Bernanke: 'More Needs To Be Done' on Foreclosures
- Bernanke's Speech on Housing and Foreclosures
- Cramer to Geithner: Let FDIC Chair Keep Her Job
- Lightning Round: Boeing, Medtronic, Agrium and More
- Lightning Round OT: Continental, Amylin Pharma and More
- Sell Block: Cramer's Solution for Mortgage-Backed Paper Mess
- Toll Brothers CEO's Housing Outlook
- Making Money Off M&A
- Your First Move For Friday December 5th
- Web Extra: Fast & Furious Trades For Friday
- Bear Market Boot Camp, Pt. 2
Toyota Set to Cut US Sales Forecast: FT
Topics:North America | Market Outlook | Automobile Industry | Japan
Sectors:Automobiles and Parts
Companies:Toyota Motor Corporation
Text Size 
Toyota Motor is considering downgrading its U.S. sales forecast to account for a worsening outlook for pick-up trucks and other big vehicles, the Financial Times newspaper said on Monday.
It quoted Toyota president Katsuaki Watanabe as saying he was not sure that increased sales of smaller cars and the Prius hybrid would make up for the decline in sales of sports utility vehicles and pick-up trucks.
Senior Managing Director Takeshi Suzuki told reporters in May that Toyota's U.S. operations were working on revising the automaker's sales forecast for this calendar year, from 2.64 million vehicles, to reflect weaker industry demand.
Watanabe said last month it would be difficult to expect a recovery in the U.S. economy this year.
Copyright 2008 Reuters. Click for restrictions.
Tools:
Print
Email
Del.icio.us
Digg ItMORE FROM CNBC
TOPIC : North America
TOPIC : Automobile Industry
Data is a real-time snapshot *Data is delayed at least 15 minutes