Toyota plans more purchases from German suppliers

Shinichi Sasaki (pictured), president of Toyota Motor Corp. Europe, stated last week that the automaker plans to increase purchases from such German companies as Continental AG and Robert Bosch GmbH. Suppliers from the Fatherland already provide around 25 percent of the division's parts. According to Sasaki, the increased purchases are part of Toyota's goal to sell more than a million Toyotas and 45,000 Lexus vehicles by the end of 2005.
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[Source: MarketWatch]