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Toyota halts Japan production as carmakers slam on the brakes

Industry hopes to weather storm with strong balance sheets

Toyota, the world's largest automaker, has already halted production at most of its European car plants, as well as all of its facilities in the U.S., Canada and Mexico. (Photo by Kohnosuke Urata)

TOKYO -- Toyota Motor suspended production at five plants across Japan on Friday, joining the ranks of automakers throughout the world that have been forced to do the same as the coronavirus pandemic stifles sales. 

However, Japan's largest automaker said it hopes its strong cash position can help it endure the pain.

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