Manufacturing : Toyota Employs Smart Thinking to Keep Rising Car- Making Costs at Bay

Summary

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Toyota, the world's second-biggest auto maker, is eyeing a new cost-saving strategy that would rely on a fundamental shake-up in the design of car parts to offset a sharp rise in materials prices.

A detailed strategy has yet to be mapped out, but it would involve looking for ways to develop and produce car parts differently - such as by lumping certain components together into one module - instead of shaving costs for each component under a previous method.

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Manufacturing : Toyota Employs Smart Thinking to Keep Rising Car- Making Costs at Bay

'Let's take nuts and bolts, for example. What if we were to develop components that don't require screws? That's the kind of thinking we're after,' Mitsuo Kinoshita, senior ma...

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