Toyota Motor Corp (NYSE: TM) is partially suspending production at its Tianjin plant in China due to slowing sales and intense competition in the Chinese automobile market. The company is adjusting production to match the declining demand for gasoline-engine cars. Toyota's global sales, including the Lexus brand, have been solid except for China, which accounts for nearly 20% of its sales. The top three bestselling models in China were all electric vehicles, indicating a shift in consumer preference.