TOKYO – As if Toyota Motor Corp. needed an encore after last year’s (and previous five years’) record financial performance, management has rolled out a new cost-cutting plan to supercede its successful CCC21 program, which resulted in more than „1 trillion ($10 billion ) in savings over the past five years and contributed to record earnings and sales at Toyota and among its supplier group. The new initiative, called “Value Innovation,” will attempt to lower costs 30% over the next few ...

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