'Toyota Motor Corp. (7203), which traditionally gets a majority of its profit in the U.S., will outline a strategy for growth in emerging markets in a 10-year plan the Japanese automaker is set to release this week, two people familiar with the plan said.
Toyota also aims to cut two vice-chairman positions and shrink its board to 17 or fewer members from 27 as part of the biggest management shakeup in eight years, said two people, who declined to be identified as the information is private."
Read full article at bloomberg
Like many other great corporations, Toyota Inc has realized that emerging markets are the future of the world's economy as most older western economies are drowning with debts and regulatory policies that hamper their long term growth. With the rapid growth in living standards across Asia, South America, and parts of Africa, most top car manufacturers have realized that their standings in those markets might ultimately determine their own future as these relatively marginal economies are set to take over the Western markets in the longer term. Toyota therefore intend to reinforce its position as the world's top auto manufacturer by strategically focusing in those part of the world where the demand for quality cars is set to incrementally grow. If that isn't a smart move, I don't know what is!
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