They hope to develop small cars to sell in the $10,000 to $12,000 range.
Moreover, the approach has done little to reduce the time that it takes to develop a new car.
The money will be used to develop new cars and overhaul production lines.
Still, because it takes years to develop new cars, automakers have been at work.
One of its first projects is developing a car that gets 100 miles per gallon.
A plan for developing a car that would go 80 miles on a gallon of gas was announced.
And some are developing new cars with an eye to how they will appeal to second buyers.
He told Ford that management actions were responsible for 85% of all problems in developing better cars.
G.M. used to take five years to develop a car.
Audi developed a new car and wanted to promote it.