Isuzu warned on late payment, fee cuts for parts

Newswire

TOKYO, Oct 31 (Reuters) - Japanese truck maker Isuzu Motors Ltd said on Friday authorities had ordered it to correct the way it pays parts makers after revelations that it had violated subcontracting laws. The restructuring truck maker, owned 12 percent by General Motors , said it had been procuring parts from suppliers before agreeing on a price, making monthly payments in the meantime at a tentative price set by the supplier. Isuzu and the parts makers usually agreed on a final price ...

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