Toyota plans 11-day plant shutdown in Japan

Toyota execs must think they're living in the Bizarro World. Think about it: operating losses, plunging sales -- these were terms once reserved for its lowly competitors. Not anymore. Now, Toyota's feeling the sting of a down market along with everyone else and is taking steps to try and stop the bleeding. An already-planned 3-day production freeze this month at all of Toyota's Japanese manufacturing plants has now swelled to include 11 more days in February and March. Toyota's hoping to scale back inventories in the face of flagging car sales everywhere. Cue the R.E.M...

[Source: Reuters, AFP]