Toyota retooled

For nearly 3 years running, Toyota Motor Corp. has been battered by a strong yen that has cut profit margins as well as market share abroad. However, the company is now beginning to demonstrate its underlying strengths. Without closing a single factory or laying off a single worker, Toyota is muscling through on the strength of its $14 billion in cash holdings. Internationally, the company will succeed in doubling its overseas production from just 5 years ago. Still, some say the company that invented lean production and cut manufacturing costs to the bone needs a dramatic restructuring of a white-collar workforce even it admits is bloated.