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Why has Toyota been successful?. In the words of Katsuaki Watanabe, President of Toyota:We're doing the same thing we always did; we're consistent. There's no genius in our company. We just do whatever we believe is right, trying every day to improve every little bit and piece. But when 70 yea
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1. Toyotas Economic PerformanceJuly 2007 Sales: 9.34 million cars worldwide forecast for 2007
If achieved with surpass GM to be largest auto firm in sales
Profits: $13.7 b for the fiscal year ended 3/07
GM = $-1.97b, Ford = $-12.61b (fiscal year 2006)
Market capitalization: $186.71 b (5/10/07)
GM = $16.6b, Ford = $15.7b, Daimler-Chrysler = $81.77b
2. Why has Toyota been successful? In the words of Katsuaki Watanabe, President of Toyota: Were doing the same thing we always did; were consistent. Theres no genius in our company. We just do whatever we believe is right, trying every day to improve every little bit and piece. But when 70 years of very small improvements accumulate, they become a revolution.