Toyota, steelmakers in talks over steel cost cuts


(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 ...

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