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Toyota s Economic Performance July 2007

Why has Toyota been successful?. In the words of Katsuaki Watanabe, President of Toyota:We're doing the same thing we always did; we're consistent. There's no genius in our company. We just do whatever we believe is right, trying every day to improve every little bit and piece. But when 70 yea

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Toyota s Economic Performance July 2007

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    1. Toyota’s Economic Performance July 2007 Sales: 9.34 million cars worldwide forecast for 2007 If achieved with surpass GM to be largest auto firm in sales Profits: $13.7 b for the fiscal year ended 3/07 GM = $-1.97b, Ford = $-12.61b (fiscal year 2006) Market capitalization: $186.71 b (5/10/07) GM = $16.6b, Ford = $15.7b, Daimler-Chrysler = $81.77b

    2. Why has Toyota been successful? In the words of Katsuaki Watanabe, President of Toyota: “We’re doing the same thing we always did; we’re consistent. There’s no genius in our company. We just do whatever we believe is right, trying every day to improve every little bit and piece. But when 70 years of very small improvements accumulate, they become a revolution.”

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