Lots of delays in the Toyota camp thanks to the industry’s sad outlook. Right after Toyota and Isuzu agreed to temporarily freeze their join diesel engine project, it appears that the rear wheel drive sports car developed with FHI’s Subaru that it was supposed to launch in end-2011 will be postponed to beyond 2012 or later. That’s like, over 4 years from now, which is close to an entire Japanese product 5 year cycle, though Toyota seems to be extending the shelf life of their products these days. Toyota began reviewing all its new projects beginning last month after slashing its profit estimates by more than half thanks to falling North American and European sales, and a stronger Japanese yen.
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