No more useless conferences. Ditch the binders of paper. Scrutinize every vehicle specification. And most importantly, keep an “eye on what we do.”

That’s the zealous new cost-cutting mantra coming straight from Akio Toyoda, as Toyota Motor Corp. prepares for a new round of belt tightening — even as it books record profit.

The president’s warning? Today’s good times won’t last if every corner of the company doesn’t help save money to build a war chest for investing in the future, he says.

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Toyota CEO Claims Company Is In A Life Or Death Struggle

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