Automobiles: Carmakers cutting costs to make bigger collaborations/investments to enjoy re-rating
The automotive industry is undergoing a period of major changes as restructuring efforts pick up and investments for the future accelerate. On the other hand, in Japan, earnings stability has allowed Japanese carmakers to employ flexible strategies as their cost-cutting efforts bear fruit. Japanese carmakers, while prioritizing improving the profitability of their core businesses, are also working to collaborate with other sectors, as exemplified by the Toyota (TM)-SoftBank (OTCPK:SFTBY) JV Monet and Toyota’s partnership with Panasonic (OTCPK:PCRFY) over