Wednesday, February 25, 2009

Toyota stores unsold vehicles on ship

As unsold vehicles mount up across the globe, the carmaker Toyota has stashed some of its stock on an empty cargo ship.
The Japanese manufacturer has hired a ship in the Swedish port of Malmo to store thousands of unsold cars, reported EU Observer.
“It’s an emergency measure that we had to take due to storage space issues,” said a Toyotoa spokeswoman.
The decision to store 2,500 cars aboard a vessel was made last month when the Malmo port facility reached its limit of 12,000 cars.
“We hope to keep the time of this measure as short as possible, as we are continuously adapting our production level,” added Toyota.

DATED: 25.02.09

FEED: AM





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