Insight - How Toyota is changing the automotive industry

Back to basics: A worker in a Toyota showroom. The company leverages its old-school model rooted in deep relationships and networks to stay ahead of its peers. — AFP

THE world’s largest automaker has some lessons for its peers revelling in their pandemic-time earnings bump: For lasting results, it’ll take more than just selling a large number of cars at high prices.

Toyota Motor Corp had a record quarter, posting operating income of 997.4 billion yen (US$9bil or RM38.14bil) for the three months ended June.