In an environment of keen global competition among international automobile manufacturers, Toyota again achieved steady growth during fiscal 2002. Despite these successes, Toyota is stepping up the pace of changes aimed at realizing further development. With regard to the automobile industry around the world, how does Toyota view current conditions and future prospects? What action does Toyota intend to take? The following is an interview with Toyota President Fujio Cho on Toyota ’s mid-to-long-term growth strategy.

What were the main factors behind Toyota ’s strong performance in fiscal 2002?

            First, Toyota ’s overseas business...

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