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Cars Blog

Toyota cutting US execs' pay, offering buyouts

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February 13, 2009 10:57 am
By Peter C. T. Elsworth

NEW YORK -- Toyota is reacting to the slump in U.S. auto sales by further cutting North American production, slashing executives' compensation up to 30 percent and offering buyouts to about 18,000 workers, according to The Associated Press.


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