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Toyota Halts Production
This already two days old, but I can't resist talking about it here. Many people felt that the plague hitting the Big 3 auto makers was an American phenomenon. But now Toyota has announced that it will halt production at its Japanese plants in February-March 2009; the myth of America's singular auto industry crash has ended.
It's sad that this will affect the Prius. But it could be a boon for other manufacturers. For car companies like India's Tata and China's BYD, the production freeze may be an opening that they don't want to miss.
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