Dust off your copy of “Rising Sun.” It’s the 90’s all over again:

In an industry where others are sputtering, Toyota is a juggernaut. It is producing nearly 50 percent more cars than in 2001 and this year it will almost certainly pass General Motors to become the world’s largest auto company. Toyota alone earned more than all the rest of the world’s 12 largest auto manufacturers combined — $11.4 billion. And it is pioneering a new technology for the 21st century that will shrink gasoline consumption and limit greenhouse gases. (Emphasis added)

Along with hybrid sales and good styling, Toyota is credited with developing some really innovative cost-cutting technologies. Example: new mold technology has cut the cost of their V-6 engines by 50% since 2003.

Related Posts:

• Blizzard Breaks and Enters Onto Customer Private Property (October, 2005)
• the big three got killed by babies (March, 2006)
• “Big Bailouts” by % of GDP (November, 2008)
• Social Costs (November, 2007)
• Bucket Wheel Excavators (October, 2005)

This entry was posted on Tuesday, February 21st, 2006 at 8:40 pm and is filed under economics, profit, technology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.