Toyota eyes cost cuts

(01:35) Report

Dec 16 - Toyota is looking to cut billions in costs amid the worst car market in decades, suspending new factories and asking suppliers for lower prices.

The automaker has halted completion of a new plant in Mississippi indefinitely amid a steep fall in demand that saw November sales fall 34 percent, while those of the eco-friendly Prius plunged 48 percent.

Dan Sloan reports.

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