Toyota Confident About Remaining Profitable
The intended production of three million Toyota cars is not just about getting vehicles to market, but also ensuring the protection of the company’s many workers. A statement from the meeting highlights the importance of protecting the “enormous related supply chains and the jobs of the people involved.”
Along with automakers like Volkswagen, Toyota has also done its best to assist struggling customers. For example, loan payment deadlines on cars have been relaxed in some cases, while used instead of new rental cars have been provided. “If we don’t win, we wouldn’t be able to support this industry and country,” Toyoda said.
We hope that Toyota – and other automakers – continue taking the necessary steps to come out of the other side of this with the least possible impact on profitability and, of course, its people.
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