Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that is certainly due to an imploding US car market.

Although the news is rough, unlike GM (GM), at least Toyota will still be around and strong in two or three years.

According to Reuters,"The world’s biggest automaker had said it would announce revised sales figures for the tough U.S. market some time this month."

It is new so obvious, it is hardly worth writing.

Douglas A. McIntyre