BEIJING (Reuters) - Japanese car-maker Toyota Motor Corp is likely to slow production in China as anti-Japan sentiment there hurts sales, a Toyota executive said on Wednesday. The executive, who declined to be named because any public comments were meant to be made via an official statement, said a report by Japan's Asahi newspaper that it would completely halt China production in October was "not quite true". Toyota is expected to make a statement later on Wednesday. (Reporting by Norihiko Shirouzu; Editing by Mark Bendeich)
Toyota Motor Corp (ADR) (NYSE:TM) continued to be the world’s biggest automaker in terms of sales for the third consecutive year, beating Volkswagen AG (ADR) (OTCMKTS:VLKAY). However, the Japanese automobile giant has lowered its sales guidance for 2015 amid slow growth observed in emerging markets and the domestic Japanese market.