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An unsold new Toyota Sequoia SUV is seen at a dealership in Silver Spring, Maryland, July 1, 2008. (Yuri Gripas/Reuters)

Toyota cuts sales forecast as demand sputters (Reuters)

Reuters - Toyota Motor Corp (7203.T), the world's most profitable carmaker, cut its 2009 vehicle sales forecast by nearly 7 percent due to a severe downturn in Western markets driven by high fuel prices and a credit crunch.

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