Log in to your IBTimes Account

close
ID
Password

Toyota sees cost savings over $2.7 billion annually



By Chang-ran Kim And Nobuhiro Kubo
11 December 2007 @ 10:24 am EST

Related Topic

Get stories by e-mail on this topic.

E-mail:

"I don't want to divulge too much, because this is really a corporate secret," he said, but added that there was a hint in the 1/X concept car shown at the Tokyo Motor Show which weighs just 420 kg -- one-third of the Prius, with twice its fuel efficiency.

Toyota is the world's most valuable automaker, with a market capitalization of more than $200 billion. Its revenue reached $215 billion last business year as sales grew in North America, Europe and China, although Toyota is conspicuously behind in the budding Indian market.

Toyota has forecast sales of 9.34 million vehicles this year, including units Daihatsu Motor Co and Hino Motors Ltd, likely toppling General Motors Corp as the world's top seller of automobiles. Excluding GM's minority-held Chinese joint venture, Toyota ranked first in 2006.

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

(Additional reporting by Aiko Hayashi and Nelson Graves)

Copyright 2008 Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
The U.S. Food and Drug Administration has approved a new drug application for a cream designed to treat vaginal dryness and pain from intercourse, Barr P...
Shares of food processor and ethanol producer Archer Daniels Midland Co. dropped Monday after a BMO Capital Markets analyst cut his rating, saying the st...
Dow Chemical Co. and a company controlled by the Kuwait government said Monday they have finalized a joint venture agreement to form K-Dow Petrochemicals...

Advertisement
Buy Foreclosures & Use Our Money

Split Big Profits! You Find it & We Fund it! Co-Own Or Cash Out! Get Free Info Kit Now!

Los angeles web design

Get your next web design project done with our los angeles web design team - Best web design with great price.

Build Business Credit for your company with NO PERSONAL GUARANTEES!

Building your business and corporate credit for your small business.

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives