May 9, 2018 / 6:30 AM / 17 days ago

BRIEF-Toyota President: Redesigning Toyota Into Mobility Company From Car Company

May 9 (Reuters) - Toyota Motor Corp:

* EXEC: TARGETING 8 PERCENT N.AMERICA OPERATING MARGIN AROUND 2020, VERSUS 1.3 PERCENT LAST YEAR

* PRESIDENT: AS WE SHARPEN OUR COST-CUTTING EFFORTS WE CAN EXPAND INTO NEW TECH, BETTER COMPETE WITH TECH FIRMS, WHICH HAVE FASTER DEVELOPMENT PROCESSES, ABUNDANT FUNDS

* PRESIDENT: REDESIGNING TOYOTA INTO MOBILITY COMPANY FROM CAR COMPANY

* PRESIDENT: WE ARE REFOCUSING ON TOYOTA PRODUCTION SYSTEM, COST-CUTTING EFFORTS TO RESTORE OUR UNIQUE STRENGTHS AS A COMPANY Further company coverage: (Reporting by Naomi Tajitsu)

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