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Toyota rents ship for unsold cars

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Toyota Motor Co. had taken the step of renting a ship in Malmo, Sweden, to store cars due to the poor economy.

On-land storage for unsold Toyotas in the area has hit the max limit of 12,000 vehicles.

To deal with the unsold stocks, Toyota has rented a ship owned by Wallenius Wilhelmsen, so it can nest 2,500 unsold cars on board.

Toyota isn't alone in seeking storage space for unsold products. Chrysler is using a military base in Ontario, Canada, to hold an inventory buildup as well.