Toyota which is battling GM for the title of the world’s largest auto makers cut its sales forecasts recently. Higher fuel costs and the economic in America and Europe were likely to hold back the auto businesses at least through 2009. Toyota which includes Daihatsu and Hino, now expects to sell 9.7 million cars and trucks in 2009, 700,000 fewer than its previous forecast. That is still 2.1 percent higher than the 9.5 million Toyota expects to sell this year.

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