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Toyota Sees Cost Savings over $2.7 Billion Annually

6 Апр 2015 | Author: | No comments yet »
Toyota Crown sedan VI

Toyota Sees Cost over $2.7 Billion

Toyota expects to accelerate its efforts next year to more than $2.7 annually, its president said.

CITY, Japan#151; Toyota Corp expects to accelerate its efforts next year to more than $2.7 annually, its president said on as the world’s biggest carmaker to offset rising commodity and costs.

We would expect to what we’ve done the previous plan, Katsuaki told Reuters in an interview at the headquarters in Toyota City.

amount should grow year along with sales, he said, as cost would be made on a per-vehicle

Since 2005, Toyota has working on a new cost-saving strategy VI for Value Innovation, which to lump some of the tens of of components in a car into modules and The first car to incorporate the new scheme, a Crown sedan, is due out early year.

I believe the strategy is basically as planned, Watanabe said.

has given scant details on the target, saying only it expected the impact to be faster and than a previous plan to cut the of individual parts.

That called CCC21 (Construction of Competitiveness in the 21st Century) and led by as purchasing chief, shaved $9 off costs over five and executives have said it had the to eliminate 300 billion yen in costs year. That is equivalent to 13 percent of Toyota’s operating of 2.24 trillion yen last

The ability to reduce costs has Toyota’s forte, allowing it to money back into new models and attract drivers the world. Toyota began the Prius, the world’s first hybrid car, 10 years ago and is one of just a handful of carmakers to the gas-sipping vehicles.


The fact they’re planning to build on the plan is remarkable, and attests to unique strength as a high-volume and its group companies’ solidarity, UBS auto analyst Tatsuo said.

It’ll give a free hand to use their flexibly, including securing more customers by building attractive features into cars, he said.

CRUCIAL 10 PERCENT

Slashing costs is even more as commodity prices keep environmental and safety standards and consumers migrate towards and lower-margin compact cars to get mileage.

At the same time, has promised to reach and sustain a 10 operating profit margin. its margin is the highest in the sector, at 9.3 in the year to March 2007.

said reaching the 10 percent was crucial to be able to invest to the of 1.5 trillion yen a year each on and RD to develop safer and more friendly cars.

The VI project be incorporated into each new that Toyota rolls out early next year, the effect will grow year to year, Watanabe

Toyota Crown sedan VI

The full impact will be probably around 2010, he adding that Toyota step up its cooperation with American and European suppliers to the cost-cutting activities beyond

Watanabe, known in the company for his vision, is looking beyond the VI project.

By 2010, the 65-year-old said, Toyota will have crafted a new scheme to the VI plan.

By then we’d be at the car’s design as a whole, for by using lightweight materials, he

I don’t want to divulge too because this is really a secret, he said, but added there was a hint in the 1/X concept car at the Tokyo Motor Show weighs just 420 kg — of the Prius, with twice its efficiency.

Toyota is the world’s most automaker, with a market of more than $200 Its revenue reached $215 last business year as grew in North America, and China, although Toyota is behind in the budding Indian

Toyota has forecast sales of million vehicles this including units Daihatsu Co. and Hino Motors Ltd. toppling General Motors as the world’s top seller of automobiles. GM’s minority-held Chinese venture, Toyota ranked in 2006.

By 2009, Toyota to expand sales to 10.4 a year.

(Additional reporting by Hayashi and Nelson Graves)

Reuters 2007. All rights Users may download and print of content from this for their own personal and non-commercial use Republication or redistribution of Reuters including by framing or similar is expressly prohibited without the written consent of Reuters. and the Reuters sphere logo are trademarks or trademarks of the Reuters of companies around the world.

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