By Masaki Kondo
Nov. 16 (Bloomberg) -- Toyota Motor Corp. will cut its global sales forecast for 2009 to less than 9 million units, the Tokyo Shimbun reported today.
Toyota will announce the revised forecast next month, the Japanese-language newspaper said, without citing anyone. A slump in demand is spreading to emerging markets from North America and Europe, the newspaper said.
The company in August cut its 2009 sales estimate by 6.7 percent to 9.7 million vehicles for next year. Executive Vice President Mitsuo Kinoshita said on Nov. 6 the automaker will review the sales goal.
To contact the reporters on this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net
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