On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

95.7 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
68° Feels Like: 68°
Wind: ENE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 86°

Tonight

Mostly Cloudy 69°

Tomorrow

Scattered Thunderstorms 87°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Toyota to sell in 2015 vehicles built through parts-sharing

A visitor looks at Toyota Motor Corp cars at the company's showroom in Tokyo February 5, 2013. REUTERS/Toru Hanai
A visitor looks at Toyota Motor Corp cars at the company's showroom in Tokyo February 5, 2013. REUTERS/Toru Hanai

TOYOTA, Japan (Reuters) - Toyota Motor Corp <7203.T> will start selling in 2015 the first vehicles built under its parts-sharing and platform framework, the company said on Wednesday, as rivals led by Volkswagen pursue similar strategies to cut costs.

The framework, called the Toyota New Global Architecture (TNGA), shares parts among vehicles using the same platform in order to save costs and manpower.

Initially, vehicles will share 20-30 percent of parts, a ratio Toyota wants to eventually expand to 70-80 percent, Executive Vice President Mitsuhisa Kato said.

"Global competition among automakers is becoming more severe, and TNGA is an effort to make more efficient and more attractive products," he told reporters.

Volkswagen recently began implementing its MQB platform, and almost all of the group's small and medium front-wheel-drive family models, including the VW Golf, are being designed around it.

(Reporting by Yoko Kubota; editing by Miral Fahmy)

Comments