#Toyota Unveils Revamped #Manufacturing #Process
A great article by YOKO KUBOTA
TOYOTA CITY, Japan—Toyota Motor Corp. broke a two-year silence on a revamped manufacturing process—built on sharing components among vehicles—that the world’s best-selling auto maker says will produce half its vehicles by 2020 and slash costs.
But its unveiling follows a path blazed in recent years by German rival Volkswagen AG—a reversal for the Japanese pioneer, whose production system was for decades seen as the gold standard, giving the world such manufacturing concepts as “just-in-time inventory” and “continuous improvement.”
Toyota said the first vehicle to be launched under the new program, known as…