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Essay / Toyota - 982
Toyota tops U.S. customer satisfaction survey for second year in a row. Toyota scored a satisfaction rating of 87 out of 100 on the index, compared to an industry average of 81. US researchers at JD Power said Toyota was the most reliable car in a survey of vehicles aged three years. Toyota raised its annual profit forecast. after announcing strong results for the three months ended at the end of September. The company saw its operating profits increase 44% during the quarter, to $4.9 billion, as sales continued to rise. The results exceeded expectations and Toyota now expects operating profit for the year to reach $1.9 trillion. Toyota's net sales for the six months ended September rose 15.3% to $9.9 trillion. The company has seen success with models such as the Camry and Yaris subcompacts. Additionally, Toyota announced plans to acquire a 5.9% stake in Japanese truck maker Isuzu, with the aim of jointly developing engine technology. The two companies plan to collaborate to develop small diesel engines, and are studying how to mitigate emissions and develop alternative fuel technologies. Toyota Motor Corporation has adopted a cost reduction strategy by producing all local content in its production bases in each region, including Thailand. The company decided to change its production strategy due to fierce competition from trade liberalization, its expectations as a global manufacturing base and signs of structural change in the markets. Toyota also established a new production system, called the International Innovative Multi-Purpose Vehicle (IMV) project, which would increase cost competitiveness and also improve the skills of each country's workforce and management. In Thailand, Toyota has two factories, one can produce 250,000 IMV units and the other has a production capacity of 200,000 passenger cars. Toyota has set up a new factory with a production capacity of 100,000 IMV units, which is expected to start operations next year, to support its plan to produce all local content in Thailand. Toyota operates under a global charter that promotes environmental responsibility throughout the country. the whole company. Toyota is leading the way in reducing emissions and improving the fuel economy of gasoline vehicles. They created the world's first mass-produced gasoline/electric hybrid car and are also at the forefront of developing the fuel cell vehicles of tomorrow..