Toyota will keep domestic output at its current level of around 3m vehicles a year to help protect manufacturing in Japan, company president Akio Toyoda told a shareholders’ meeting.
Toyota will keep domestic output at its current level of around 3m vehicles a year to help protect manufacturing in Japan, company president Akio Toyoda told a shareholders’ meeting.
He made the commitment at a time when Japanese manufacturers are looking to move more production out of Japan to protect themselves from exchange rate volatility.
Toyoda said, even if labour costs in Japan were 10 times more than in emerging economies, Toyota would strive for a level of domestic productivity that allowed those additional costs to be offset.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
