Manufacturing

Toyota forms cost-saving task force to arrest profit slide

Toyota has targeted costs such as upgrading factories to adopt the company's new global architecture, or TNGA, and increasing the number of vehicles using the platform, as well as spending to meet stricter environmental rules and on other new technologies. (BLOOMBERG)
MH
By:
Masatsugu Horie and Kevin Buckland
June 09, 2017 05:00 AM

TOKYO -- Toyota Motor Corp. has created a task force comprising senior executives to oversee costs as Japan’s biggest automaker seeks to arrest a slide in operating profit.

Staying current is easy with newsletters delivered straight to your inbox.