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Toyota Motor Corp., the world’s largest automaker, said its global production fell the most in at least 23 years as the worst recession since the Great Depression hammers vehicle demand in North America and Europe.

The company’s output plunged 53 percent to 358,573 vehicles in February from the year-ago period, the company said in a statement today. That’s the biggest percentage drop since the company began releasing the tally in January 1986. Honda Motor Co., the country’s second-largest automaker, built 190,680 vehicles, down 43 percent. Output at Nissan Motor Co., Japan’s No. 3 carmaker, slid 51 percent.


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Toyota Slashes Global Production By 53% - Honda Cuts Back 43%

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