In order to reduce the inventory pressure of dealers, FAW Toyota announced that it would continue to reduce production in the next three months.

CTOnews.com November 6 news, Today a number of bloggers published FAW Toyota "A letter to dealer partners," The letter mentioned FAW Toyota will continue to significantly adjust the production plan from December this year to February next year.

FAW Toyota said in the letter that under the premise that production has been greatly reduced in October and November, the distribution in December will be adjusted downward to 66,000 units, lowered to 60,000 units in January next year, and adjusted to 38,000 units in February (CTOnews.com note: February 10 next year for the Spring Festival). It is said that this move is to "ensure a thorough improvement in dealer partner inventory pressure and financial pressure, to ensure that dealers have a healthy, benign business posture."

At the same time, FAW Toyota also said that the next three months will still be the sales peak season with the highest seasonal index of the whole year, and ensure that "maximize the burden for each dealer partner" and "no dealer partner willing to follow will be left behind in difficult times."

Earlier today, Toyota Motor Corporation announced that its cumulative global vehicle production has reached 300 million units, with the highest total production model being the Corolla, which has reached 53.399 million units by the end of September this year, accounting for about one sixth.