TOYOTA CITY – China is setting the bar for Toyota Motor Corp.’s next round of cost-cutting and efficiency improvements, says Kosuke Shiramizu, executive vice president-Manufacturing and Quality Management. Interviewed at company headquarters here, the 62-year-old executive – charged with carrying on the legacy of Toyota Production System founder Taiichi Ohno – warns of the impending threat from China. “The question facing us is how to compete with a country whose labor costs are ...

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