Robert Young

Toyota's new plan: Design parts, then cars

12:01 am U.S. ET | June 15, 2015

Toyota Motor Corp. has launched a program in which it invites suppliers to develop parts three or four years ahead of production -- before the automaker has even begun to design the vehicle. By having suppliers develop parts independently of a vehicle's design, Toyota can give them an extra 12 months to engineer the parts, said Bob Young, Toyota's North American purchasing chief....
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