TOYOTA CITY, Japan—Toyota Motor Corp. said Monday that it has reorganized its vehicle-development system in order to speed decision making, cut costs and better appeal to car buyers world-wide.
The changes to core engineering and design programs bolster the authority of the company’s chief engineers, consolidate research and development into three groups based on geographical regions and limit final design decisions to smaller teams. Toyota, Japan’s largest car maker, dubs the effort its new “global architecture.”
The revisions come as the auto maker seeks to recover from a series of setbacks during the past several years that have eroded its global market share, forcing it to relinquish its crown as the No. 1 car maker by sales volume.
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