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It will also try to reduce the number of engines and transmission units it ships out of Japan and will redesign components to allow its suppliers to use cheaper materials in local markets overseas.
Using cheaper materials always works out in the end.
Toyota said operating profit for July-September, its second quarter, was 75.39 billion yen ($966 million), far short of an average estimate of 101.3 billion yen in a Reuters survey of 12 analysts.
They only made a billion dollars in profit.
This quarter.
This is the definition of a "problem" in Toyota-land.
Here's a picture of Toyota's worried corporate executives:
shirt it!
