Mexican Media Brands
Toyota Attacks Costs
CEO Akio Toyoda has launched a major cost-cutting effort at Toyota Motor Corp. to improve the company's profit margins, Reuters reports.
#economics
Share
CEO Akio Toyoda has launched a major cost-cutting effort at Toyota Motor Corp. to improve the company's profit margins, Reuters reports.
Toyota is revamping some factories so that they can be more quickly reconfigured during model changes, according to the news service.
It says the company also aims to slice vehicle development costs by more than one-fifth, in part by the greater use of common parts.
The news service says Toyota intends to use kaizen, its strategy of steady incremental improvement, to increase the profitability of its manufacturing operations. But analysts tell Reuters the company needs more drastic action to cut factory costs.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.