Toyota global output drops 3.9% in Feb. on weaker output in Japan, China

Toyota Motor Corp. said Monday its global output sank 3.9 percent in February from a year earlier to 749,673 vehicles, declining for the fourth consecutive month, weighed down by slowing production in China and Japan.Global sales dropped 3.3 percent to 737,134 units, the first fall in three months, according to the world's largest automaker by volume.Toyota's overseas production slid 4.6 percent to 470,757 vehicles, with output in China plunging 11.5 percent to 78,457 units due to intensifying competition and fewer working days during the Lunar New Year holidays.Domestic production decrease…READ FULL ARTICLE