Toyota president: company may have grown too fast

TOKYO, Feb 17 (BestGrowthStock) – Toyota Motor Corp (7203.T: )
President Akio Toyoda said on Wednesday the world’s biggest
automaker may have grown too fast, neglecting the careful
training of staff to ensure quality did not trail behind.

“Up to now, we had been saying that the rapid expansion was
in response to customer needs — that it was inevitable,” Toyoda
told a news conference.

“The basic rule of the Toyota Production System is to only
build as many cars as there is demand for, and we ourselves broke
that rule,” he said.

Toyoda said some of the sales during the rapid expansion over
the last decade may have been driven artificially by sales
financing, and was not based on “real demand”.

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(Reporting by Chang-Ran Kim and Nobuhiro Kubo)

Toyota president: company may have grown too fast