MarketWatch, 11:41 PM ET Jan 21, 2007
TOKYO --Toyota the world's second largest car maker by sales, is working on a radically different approach to car design, development and manufacturing in an attempt to come up with an ultra-low-cost car, according to its president.
"The focus is on low-cost technology," said Katsuaki Watanabe, in an interview with the Financial Times. "Everything form design to production methods will be radically changed and we are thinking of a really ultra-low-cost way of designing, using ultra-low-cost materials, even developing new materials if necessary." ...more...
