Toyota (TM) has told the Financial Times that it is working on a series of processes to build cars at a much, much lower cost. The company is targeting the costs of design and materials to drive down its cost per vehicle.

But, the big Japanese car company may want to focus more on quality than cost savings, at least of the time being. Toyota has just recalled 533,000 trucks and SUVs after recalling 766,000 vehicles last year.

Sometimes cheap gets expensive.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.