BMW has announced it will cut production in Germany by 80,000 units in the first five months of the year.
The firm is yet to decide where the cuts will take place, but it will be at its plants in Landshut, Berlin or Munich.
BMW CEO Norbet Reithofer said the move was a response to sales in January and February falling by around a quarter. Meanwhile, March’s figures are also expected to record a double-digit year-one-year decline.
He added that BMW had scaled back its sales plans for the next three years.
Last week, BMW announced its profits in 2008 were down by 90 per cent on 2007.