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Toyota Motor Corporation Investing In Innovation


Toyota Motor Corporation (NYSE:TM) has set its focus on product innovations.

Toyota Motor Corporation Investing In Innovation

It has been reported that Toyota Motor Corporation (NYSE:TM), the multinational automaker, is putting renewed focus on innovation in production methods and design.

The company made this move after several massive recalls over the past few years.

The innovative methods developed by Toyota Motor Corporation (NYSE:TM) include a highly flexible assembly line that can grow or shrink over a weekend to adjust to demand and a special stamping that allows car doors to be carved into molded shapes and instantaneous laser-welding.

Atsushi Niimi, Executive Vice President, said that, “The recall fiasco showed that Toyota Motor Corporation (NYSE:TM) had neglected improvements in production while pursuing growth. When production plunged, Toyota Motor Corporation (NYSE:TM) could see big-scale production was a burden. Toyota Motor Corporation (NYSE:TM) needed an assembly line that could respond to the ups and downs of production needs.”

Toyota Motor Company (NYSE:TM) stocks are currently standing at 80.73.

Toyota Motor Corporation Investing In Innovation
Price History
Last Price: 80.73
52 Week Low / High: 60.37 / 87.15
50 Day Moving Average: 83.11
6 Month Price Change %: 16.8%
12 Month Price Change %: 2.1%


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