REPORT: Toyota cutting supplier expenses by 30%, probably means using cheaper parts
A Toyota spokesman said the company had given "various suggestions including cost reductions" to the affected portion of its supplier base, which makes it sound like at the very least the company didn't just say "Here's less money, make it work." There are more than 200 vehicle components involved the move – that might sound sizable on its own but it's a tiny fraction of all the parts in a car.
Ultimately, Toyota wants to ensure its competitiveness in emerging markets and guard against a strengthening yen. Assuming the initiative is carried out, the parts in question will be used for cars arriving for the 2013 model year. We hope that by 2014 it is clear that Toyota chose the right bets for this game of parts roulette.
[Source: Reuters via TTAC | Image: TOSHIFUMI KITAMURA/AFP/Getty Images]
- Great used cars for less than $10,000
- Owners say these cars aren't very good deals
- New Car Buying Guides
- Cheapest new automobiles in America
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models