After passing Chrysler, Toyota is gaining on Ford

[NFS4]

http://www.detnews.com/2003/autosinsider/0309/15/autos-271166.htm

 

[GTaudiophile]

I loved studying this stuff:

Toyota's "kaizen" system, developed more than 50 years ago after studying Ford's Rouge plant in Dearborn has helped it lead in quality for decades. This approach focuses on continuous improvement by avoiding repetition and waste while helping suppliers improve their own products, said Michael Flynn, director of the University of Michigan's Office for the Study of Automotive Transportation. U.S. automakers tend to seek quality improvements through new technology, he said.

Unlike Americans, the Japanese are very loyal to their suppliers.

 

[cliftonite]

damn, thats crazy

 

[SaltBoy]

Toyota's getting my money, so I guess I'm not totally surprised.

 

[NFS4]

"In North America, while Toyota is expanding, Ford is closing plants and losing half a million units of capacity. Do the arithmetic."

Hehe😛

Toyota is the most valuable carmaker in the world, with a market capitalization of $108 billion, more than DaimlerChrysler, Ford and General Motors Corp. combined. Nissan is No. 2, with a $50 billion market value and Honda is third, with $42 billion.

:Q:Q:Q:Q:Q

 

[PlatinumGold]

Originally posted by: GTaudiophile
I loved studying this stuff:

Toyota's "kaizen" system, developed more than 50 years ago after studying Ford's Rouge plant in Dearborn has helped it lead in quality for decades. This approach focuses on continuous improvement by avoiding repetition and waste while helping suppliers improve their own products, said Michael Flynn, director of the University of Michigan's Office for the Study of Automotive Transportation. U.S. automakers tend to seek quality improvements through new technology, he said.

Unlike Americans, the Japanese are very loyal to their suppliers.

not just their suppliers also to their employees and their employees are just as loyal to the corporation.

on the surface the japanese economy is a capitalistic one, but deep down it's actually a socialistic / communistic society.

for the japanese, the group comes before the individual.