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Toyota has reduced its number of top positions to speed up decision making, as the Japanese automaker works toward a slimmer executive structure to better compete in an industry undergoing rapid change.
Toyota expects its global vehicle sales to rise 1 percent to 10.2 million next year as growth in North America, Europe and China prompts a recovery from a 1 percent slide in deliveries this year.
Just months after Toyota enveloped Daihatsu as a wholly owned subsidiary, the companies are accelerating the pace of cooperation in hopes of taking a bigger slice of emerging markets.
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