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Toyota’s plan to extend vehicle life cycles could help drivers save money through lower purchase prices, fewer costly repairs, and longer-lasting value at a time when car costs are surging.
In an era of rising vehicle prices, Toyota is pursuing a practical solution to improve affordability: extending its vehicles lifecycles. Toyota Motor North America CEO Ted Ogawa suggested to AutoNews that keeping successful models in production longer, with modest updates, can reduce development costs and help lower consumer prices. This strategy also aligns with Toyota’s broader…
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