SAN FRANCISCO (MarketWatch) -- Toyota Motor Corp. TM, -1.34% plans to cut its global capacity production by 10%, or by 1 million vehicles, as early as this fiscal year, Nikkei reported on its online edition Tuesday in a story dated for Wednesday. Production volume, which peaked at 9.5 million vehicles in 2007, is expected to fall to about 6.7 million vehicles in 2009, according to Nikkei. Toyota currently has a production capacity of 10 million vehicles a year.