Daily Independent (Ashland, KY)

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Toyota cutting US execs' pay, offering buyouts

In this June 28, 2007 file photo, one of Toyota Motor Corp. workers kneels down to check a Lexus at the Japanese automaker's flagship production line for the luxury model in Tahara, central Japan. Japan's top automakers are slashing production as they desperately grapple with sinking global demand that is forcing thousands of Japanese workers out on the streets. Honda Motor Co. announced Friday, Jan. 16, 2009, another round of job cuts in Japan. Overnight Toyota said it was making further production cuts in North America to cope with slumping sales and high inventories.

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