Toyota Motor Corp. will boost its ratio of ordered production to overall output to around 70 pct by 2005, Vice President Kosuke Ikebuchi said Thursday.
Toyota’s current ordered production ratio is around 30 pct, while General Motors Corp. has revealed a plan to raise its corresponding ratio to 80 pct in 2003.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Ikebuchi also said Toyota will improve its speed of production, from development to sales, by combining its production skills with information technology.
