JAMA's seven key priorities for the Japanese automotive industry [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
The Tokyo-based auto industry trade association has issued the policy priorities as it faces up to rising social and environmental challenges, as well as the rapid introduction of new technologies. JAMA held its first press conference under the chairmanship of former Toyota Motor Corporation CEO, Koji Sato, in March. Before stepping down as CEO of Toyota last year, Koji Sato warned that major changes were needed for the automotive industry to stay competitive in a rapidly changing global environment, particularly within the country's supply chain. JAMA pointed out that Japan's automotive industry “has made steady progress in areas such as environmental initiatives, safety, and technological innovation. However, challenges continue to accumulate, and a model driven solely by competition among individual companies is no longer sufficient. The question now is whether the industry can maintain its global competitiveness under the current model.” The seven priority areas that JAMA ou
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