11.07.2007

Toyota Market Share More than Big Three Combined

Listening to BBC America this morning regarding the sales war occurring between GM and Toyota. The story painted somewhat of a sour picture for Toyota, with GM selling 7M more vehicles than Toyota in the past 9 months, and two top Toyota executives defecting to GM and Chrysler. Despite these recent challenges, Toyota's market value is greater than the Big Three car companies, combined.
Toyota works well under pressure. They have demonstrated that ability for the past 60 years. How will Toyota overcome its latest challenges? I suspect by sticking to the basics of good management: teaching & learning together, improving best practices and maintaining good relations with employees, customers and suppliers.

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