Toyota has cut its 2008 global sales forecast by 350,000 vehicles, or 3.5 per cent, to reflect the drop in sales in the North America of its pick-up trucks and SUVs. The news is a further sign of strain in the global motor industry as high fuel prices and a slowing economy squeeze consumers in the world's biggest car market.

Toyota is currently the world's leading seller of vehicles. It now predicts that it will sell 9.5 million vehicles worldwide this year, a 1.5 per cent increase on last years figures rather than the 5 per cent increase that the company had previously forecasted.

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