{"id":937,"date":"2007-12-12T22:40:54","date_gmt":"2007-12-12T22:40:54","guid":{"rendered":"http:\/\/blogs.thesocialmedia.com\/petrol-head\/2007\/12\/12\/toyota-wants-to\/"},"modified":"2012-07-17T14:05:04","modified_gmt":"2012-07-17T14:05:04","slug":"toyota-wants-to","status":"publish","type":"post","link":"https:\/\/blogs.thesocialmedia.com\/petrol-head\/2007\/12\/12\/toyota-wants-to\/","title":{"rendered":"Toyota wants to save \u00a31.3 billion annually"},"content":{"rendered":"<p><a href=\"http:\/\/blogs.thesocialmedia.com\/petrol-head\/files\/2012\/07\/toyota_corolla_le_2008_exterior_gri.jpg\"><img decoding=\"async\" class=\"image-full\" alt=\"Toyota_corolla_le_2008_exterior_gri\" src=\"http:\/\/blogs.thesocialmedia.com\/petrol-head\/files\/2012\/07\/toyota_corolla_le_2008_exterior_gri.jpg\"  style=\"float: left;margin: 0px 5px 5px 0px\" \/><\/a><br \/> <a href=\"http:\/\/www.petrol-head.com\/2007\/09\/volkwsagen-is-w.html\">Volkswagen wants to catch up with Toyota in 2018<\/a>, but the Japanese is determined to rest on his laurels. Toyota CEO Katsuaki Watanabe wants the company to save \u00a3300 billion\/\u00a31.3 billion annually. <\/p>\n<p>Toyota has targeted cost reduction as an essential contributor to a sustained 10% operating profit margin while it nearly reached this target last year with 9.3%. Dubbed \u201cVI\u201d for Value Innovation, the new cost saving strategy will focus on lumping components into modules or systems. The first car to The first car to incorporate the new scheme will be the Crown saloon expected to be launched on February 18 next year. Volkswagen also plans to use the strategy to cut cost.<\/p>\n<p>The Japanese carmaker had already realised a similar plan under the leadership of Watanabe when he was Toyota\u2019s purchasing director. called CCC21 for Construction of Cost Competitiveness in the 21st Century, it achieved \u00a34.5 billion of cost savings over five years.<\/p>\n<p>In the meantime, Toyota plans to invest \u00a51.5 trillion\/\u00a36.5 billion in future models and production facilities. It&#8217;s less than the <a href=\"http:\/\/www.petrol-head.com\/2007\/11\/vw-will-invest.html\">amount invested by Volkswagen<\/a>, but still enough to give headaches to American carmakers. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volkswagen wants to catch up with Toyota in 2018, but the Japanese is determined to rest on his laurels. Toyota CEO Katsuaki Watanabe wants the company to save \u00a3300 billion\/\u00a31.3 billion annually. Toyota has targeted cost reduction as an essential contributor to a sustained 10% operating profit margin while it nearly reached this target last [&hellip;]<\/p>\n","protected":false},"author":351,"featured_media":5079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,42],"tags":[],"class_list":["post-937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","category-toyota"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Toyota wants to save \u00a31.3 billion annually - Petrol Head<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.thesocialmedia.com\/petrol-head\/2007\/12\/12\/toyota-wants-to\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Toyota wants to save \u00a31.3 billion annually - Petrol Head\" \/>\n<meta name=\"twitter:description\" content=\"Volkswagen wants to catch up with Toyota in 2018, but the Japanese is determined to rest on his laurels. Toyota CEO Katsuaki Watanabe wants the company to save \u00a3300 billion\/\u00a31.3 billion annually. 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