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News Breaks September 24, 2012 13:10 EDT TM Toyota scaling back production of Lexus vehicles intended for China, Nikkei says The Nikkei has learned that Toyota (TM) will scale back production of Lexus vehicles intended for the Chinese market as early as this month, with daily production lowered by about 20% from the current 1,300 vehicles for an indefinite period. The reduction comes as anti-Japan demonstrations in China take a bite out of local sales. Reference Link News For TM From The Last 14 Days Check below for free stories on TM the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 14, 2013 15:50 EDT TM Toyota class-action settlement could cover 22M former owners, Detroit News says Subscribe for More Information May 10, 2013 07:09 EDT TM Toyota helped by weaker yen, Bloomberg reports Toyota’s years of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S. trading yesterday, opening the way for Japan to emerge from an unprecedented and largely uninterrupted five-year stretch where the currency’s appreciation beyond that level roiled exporters and their ability to sell cars and other products abroad, reports Bloomberg.Reference Link 06:10 EDT TM On the Fly: Periodicals Wrap-Up Subscribe for More Information May 9, 2013 05:59 EDT TM GM: Most Silverado truck sales this year will be older model, Bloombeg reports Subscribe for More Information May 8, 2013 06:00 EDT TM Toyota sees FY14 net revenue 1.37T yen, net income 1.37T yen Subscribe for More Information 05:59 EDT TM Toyota remains cautious as profit grows, Reuters reports Subscribe for More Information 05:58 EDT TM Toyota reports FY13 net income 962.16B yen vs. 283.6B yen a year ago Reports FY13 revenue 22.1T yen vs. 18.58T yen a year ago. Toyota said major factors contributing to the increase in operating income include the positive effects from marketing activities generating 650B yen, cost reduction efforts saving 450B yen and currency fluctuations of 150B yen, which offset the negative effects from related expenses of 300B yen. Consolidated vehicle sales totaled 8.871M units, an increase of 1.519M units compared to the previous fiscal year. Sign up for a free trial to see the rest of the stories you've been missing.