- Lowers 2009 Japanese sales target to 2.25M vehicles from 2.4M prior.
- Lowers 2009 North American sales target to 2.7M vehicles from 3M prior.
- Lowers 2009 European target to 1.3M units from 1.45M prior.

Other headlines for [TM]

• Today 04:44am
  (IT) Italian Nov Light-truck vehicle sales 16.7K units (-32% y/y)
  
• Yesterday 04:12am
  (UK) Nov UK New Car registrations -36.8% y/y; YTD registrations -10.7% y/y - SMMT- SMMT calls for urgent action to ease auto credit situation - Note: M/M registration is the worst decline since 1980
  
• TM 12/3/2008 10:09pm
  Toyota Motor Corp To halt output at its 5 plants in Hokkaido on Dec 25 - Japanese Press- No further details available at the moment
  
• 7203.JP 12/2/2008 07:54pm
  Toyota Motor Corp To issue ¥32B in 5Y 1.24% bonds, ¥16B in 3Y 1.08% bonds
  
• TM 12/2/2008 12:08pm
  Toyota Motor Corp Reports November sales down 33.9% y/y, to 130K units- follow up: to continue offering zero percent financing in December
  

Industrials sector headlines

• AXL Today 09:01am
  American Axle & Manufacturing Holdings Inc. Signs asset purchase deal with FormTech- AXL exchanged its hub and spindle forging business for FormTech's differential gear, hypoid pinion and ring gear forging businesses. In order to compensate more...
  
• USG Today 08:55am
  USG Corp Amends Rights Plan to Limit Future Changes that Could Adversely Impact Tax Benefits- Adopted an amendment to its existing shareholder rights plan that is intended to protect the value of the more...
  
• DAI.GE Today 08:48am
  Daimler Reports Nov Mercedes Benz sales at 74.4K units -27% y/y- 11-month sales -4.1% y/y
  
• WAT Today 08:17am
  Waters Corp Price target cut to $50 from $62 at Merrill Lynch
  
• PLL Today 08:16am
  Pall Corp Price target cut to $32 from $36 at Merrill Lynch