Toyota aims to lower break-even point for Japan ops

NAGOYA, Japan, Dec 24 (BestGrowthStock) – Toyota Motor Corp (7203.T: )
is aiming to significantly lower its break-even point for its
Japanese operations through a slew of improved manufacturing
processes, a top executive said on Friday.

“We’re trying to be able to operate (profitably) at 85 yen
(to the dollar) and 70 percent utilisation,” Atsushi Niimi,
executive vice president in charge of manufacturing, told
reporters.

As the financial crisis hammered sales and left much of its
production capacity unused, Toyota embarked on efforts to make
its domestic factory lines more flexible and introduce other
changes to be able to break even at utilisation of 70 percent,
equivalent to daily production of 12,000 units.

But that assumed a dollar rate of 90 yen, far more favourable
than the current 83 yen (JPY=: ) level.
(Reporting by Chang-Ran Kim; Editing by Chris Gallagher)

Toyota aims to lower break-even point for Japan ops