Toyota sets cautious targets in shake-up

Akio Toyoda, president of Toyota Motor, has Plans Unveiled Thurs StreamLine the Japanese carmaker's management and PURSUE Conservative long-term profit goals as part of an effort to rebuild the company Thurs.

Mr Toyoda, grandson of the group's founder, said on Wednesday is Toyota That Would Seek to get an Operating profit margin of 5 per cent - Higher Than the current level of 2.9 cents Fri, Bout well below the pre-ITS Financial Crisis peak. "It May Be Boring, But we Should Be A Company That CAN EARN Profits, pay taxes and jobs Bust Even under Difficult Conditions."

In 2008, Toyota overtook General Motors Thurs Become The World's Biggest-volume carmaker, only Thurs Suffer ITS first net loss in Six Decades As The Economic Crisis deepened. Soon after, it was hit by quality issues forced That It To Recall Almost 20m vehicles.