Toyota aims to cut costs 15 pct by 2008
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Toyota aims to cut costs 15 pct by 2008
Toyota aims to cut costs 15 pct by 2008
Thu Apr 6, 2006 8:21 PM ET
http://yahoo.reuters.com/stocks/Quot...=7203.T&rpc=44
Thu Apr 6, 2006 8:21 PM ET
TOKYO, April 7 (Reuters) - Toyota Motor Corp. (7203.T: Quote, Profile, Research) plans to cut manufacturing costs by 15 percent over the next three years to help improve profitability and price competitiveness, the Asahi daily reported on Friday.
Toyota has been working on a cost-saving strategy for about a year, looking for new ways to develop and make car parts -- for example by lumping certain components together into one module instead of shaving costs for each component as in the past.
The paper quoted an official as saying Toyota aimed to cut costs by more than 200 billion yen ($1.7 billion) every year.
A spokesman said that while the company was striving to cut costs, no specific targets have been set.
He said Toyota would announce a cost cut target for the current year when in releases annual results. Toyota had forecast 140 billion yen in cuts for the year ended March 31. ($1=117.79 yen)
Toyota has been working on a cost-saving strategy for about a year, looking for new ways to develop and make car parts -- for example by lumping certain components together into one module instead of shaving costs for each component as in the past.
The paper quoted an official as saying Toyota aimed to cut costs by more than 200 billion yen ($1.7 billion) every year.
A spokesman said that while the company was striving to cut costs, no specific targets have been set.
He said Toyota would announce a cost cut target for the current year when in releases annual results. Toyota had forecast 140 billion yen in cuts for the year ended March 31. ($1=117.79 yen)
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Originally Posted by PhilipMSPT
Pretty vague. Hmmm...
Only way I can think of is stop building plants in the U.S. and more overseas.
Only way I can think of is stop building plants in the U.S. and more overseas.
Last edited by spwolf; Apr 10, 2006 at 01:06 PM.
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