Toyota Motor Corp. said it hopes to finalise details of its first group-wide reorganisation of Japanese production facilities by this summer, as it tries to avoid a steep fall in profitability after its major recall.
Toyota is attempting to rearrange its group’s domestic manufacturing operations by vehicle type and size, and seeks to complete the transformation by the end of the decade.
Coping with the aftershock of the company’s massive recall, Toyota is in the midst of efforts to regain customer trust by fixing problems with 8.5 million vehicles in the US, Europe, China, Japan and other markets.
(Source: The Wall Street Journal Online)