Toyota retools to lift export flexibility

Article Abstract:

Toyota Motor Corp has announced plans to adopt an export-oriented production design in order to shield itself from the deteriorating effects of the Asian regional crisis. The company's strategy, dubbed as global complementation, centers on acquiring a great degree of flexibility to shift to potential export markets if local and regional conditions become unfavorable. The contingency was conceived after Toyota's revenues dropped 77% and 78% in Thailand and Indonesia, respectively.

Management, Economic aspects, Asia, Toyota Motor Corp., Currency devaluation, Devaluation (Currency)

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Mitsubishi sees wider loss

Article Abstract:

Mitsubishi Motors Corp, already burdened by domestic and foreign problems, said it sees a greater loss of $110 bil in the year ending Mar 31, 1998, almost threefold as much as the expected consolidated net loss. The company, which ranks as the fourth biggest auto maker in Japan, has suffered more than many of its competitors from Asia's economic woes. The company's domestic sales are also down due to the country's inactive economy.

Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Japan, Finance, Mitsubishi Motors Corp.

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GM plans to increase its stake in Suzuki Motor to 10%

Article Abstract:

General Motors has announced that it will increase its stake in Suzuki Motors to 10% by buying 33.6 million new shares from the company. The two companies have also announced that they will coordinate their global operations with Suzuki focusing on minicars and GM focusing on midsize and large cars. Analysts applaud the deal citing Suzuki's potential gains in accessing GM production and technological capabilities.

Planning, General Motors Corp., GM, Suzuki Motor Corp.

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