Toyota shaves $1.2 billion off its production costs

Toyota announced that it has managed to cut $1.2 billion in production costs around the globe for the fiscal year ending March 31, 2006. The automaker claims the savings resulted in part from a new method used in building components like motors and braking systems. As these techniques work their way through all future Toyota models, the automker believes more savings will follow.

By Erin Mays
Get Autoblog in your Google feed
Preferred SourceGoogle Discover

Toyota
announced that it has managed to cut $1.2 billion in production costs around the globe for the fiscal year
ending March 31, 2006. The automaker claims the savings resulted in part from a new method used in building
components like motors and braking systems. As these techniques work their way through all future Toyota models, the
automker believes more savings will follow.

[Source: The Wall Street Journal via Auto Industry UK]