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3/30/15: Recently, Toyota Motor Corp. (NYSE ADR: TM) broke a two-year period of inactivity on its revamped manufacturing process. The process is based on German automaker Volkswagen AG’s (OTCMKTS: VLKAY) model of sharing components among the vehicles produced by Toyota. The company stated that it would produce half the vehicles till 2020 and focus on minimizing costs in the coming years.
The company is working to change its production program to be even more efficient. The management did not comment on the savings the cost-cutting initiative would lead to. However, the amount is expected to be substantial. The company will be investing around 100 billion euros and, according to analysts, the investment might be completed in the next five years.