Toyota scaling back luxury Lexus production in Japan September 25, 2012 - 11:12 AMT PanARMENIAN.Net - Toyota is scaling back luxury Lexus production in Japan to adjust to reduced demand in China, where anti-Japanese riots broke out last week over a territorial dispute, AP reports. Toyota Motor Corp. said Tuesday, Sept 25 that production of Lexus luxury models was being adjusted at its 100 percent owned Kyushu subsidiary in southwestern Japan, but declined to give numbers or other details. According to Toyota, production at no other plant in Japan has been affected over the China woes. The maker of the Prius hybrid and Camry sedan said operations are back to normal at all its plants and dealers in China as of Monday. Some had shut temporarily. The purchase by the Japanese government of tiny islands, controlled by Japan but claimed by Beijing, set off riots across China last week.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
