Toyota Motor Corp. outlined massive new savings in factory investment and vehicle development, along with fuel efficiency gains, it aims to achieve through an aggressive companywide restructuring being launched this year.The overhaul, part of a switch to new modularized product platforms, has been years in the making and is designed to fuel the automaker’s expansion beyond 10 million units in global sales annually.
By grouping bigger families of vehicles for production and development, the world’s largest automaker is targeting a 20 percent reduction in the resources needed to churn out new vehicles.
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