SpaceGo LIVE: Toyota CEO: Longer Car Life Could Cut Costs Toyota CEO: Longer Car Life Could Cut Costs

India News | Latest India News Headlines Today and Live Updates from India

Wednesday, May 21, 2025

Toyota CEO: Longer Car Life Could Cut Costs Toyota CEO: Longer Car Life Could Cut Costs

A Toyota sign.
Bjoern Wylezich / Shutterstock.com

In an era of rising vehicle prices, Toyota is pursuing a practical solution to improve affordability: extending its vehicles lifecycles. Toyota Motor North America CEO Ted Ogawa suggested to AutoNews that keeping successful models in production longer, with modest updates, can reduce development costs and help lower consumer prices. This strategy also aligns with Toyota’s broader…

No comments:

Post a Comment

Popular Posts