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Toyota Looking to Reorganize Company Structure

Tue, 04/02/2013 - 11:17am
The Associated Press

NAGOYA, April 2 (Kyodo) — Akio Toyoda, the president of Toyota Motor Corp., has said he will accelerate structural reform of his company to further improve operations and boost profitability.

"We will aim to change the structure of the company so we can achieve sustainable growth," Toyoda said in a recent interview with Kyodo News.

As part of such efforts, Toyota, Asia's largest automaker, has divided its automotive business into four units with the aim of speeding up the company's decision-making process.

Despite Toyota's global vehicle sales hitting an all-time high of 8.71 million units in 2012, Toyoda said there is still room for enhancing the quality of its products.

"It is not a time for getting carried away with the new record," Toyoda said. "I want to make (Toyota) a company that can generate profit" even in the event of a global economic crisis such as the one triggered by the collapse of Lehman Brothers Holdings Inc. in 2008.

 

 

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