Toyota, steelmakers in talks over steel cost cuts

Newswire

(Recasts with confirmation, changes dateline) TOKYO, Oct 1 (Reuters) - Toyota Motor Corp and five Japanese steelmakers are trying to cut steel procurement costs to cope with rising raw material and oil prices and slowing global car sales. The companies aim to raise productivity by about 3 percent by implementing measures such as using cheaper steel plate, reducing the number of products and unifying specifications, Toyota said. "The rise in prices of steel and other raw materials is no ...

Premium Content (PAID Subscription Required)

"Toyota, steelmakers in talks over steel cost cuts" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×