TOKYO, Oct 25 (Bernama-Kyodo) -- Japanese automakers are stepping up efforts to shorten their vehicle development times as they seek to catch up with Chinese rivals that offer new models to global markets more quickly and to better respond to changing customer demand, Kyodo News reported.
World : Japanese Carmakers To Cut Development Times To Counter Chinese Rivals
automakers, development, rivals, demand, Asia-Pa
BE Bernama 
Key points
- Toyota Motor Corp, Honda Motor Co, Nissan Motor Co and other Japanese carmakers typically spend around four to five years developing a new model, more than twice as long as the less than two years taken by Chinese companies.
- As part of its reform measures, Nissan aims to slash development times under its new family-based vehicle development strategy.
- The new initiatives will begin with new models whose development the company will start in 2028.
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