Reuters revealed that for decades, Japan’s powerful automakers had a playbook to deal with deflation: press suppliers for lower prices on everything from seat belts to wire harnesses and promise volume. Now, with inflation biting around the world, Toyota Motor Corp, Nissan Motor Corp and others are shouldering more of the burden of soaring raw materials prices or extending other help to hard-hit parts makers.
Automotive
Reuters reveals as yen tumbles, Japan’s automakers take cost burden off their suppliers
15 June 2022, 6:15 pm 1 minute
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: Japan
Win Types: Overall Coverage
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Important Regional Story