Toyota works with steelmakers to cut costs--report

Newswire

NEW YORK, Sept 30 (Reuters) - Toyota Motor Corp is working with five domestic steelmakers to find ways to cut steel procurement costs as costs for raw materials rise and sales slow, according to a report by Nikkei Business News on Tuesday. The report on Nikkei's website said the measures would likely involve using more low-cost plate, reducing the number of product types and unifying specifications. Toyota solicited cost-saving ideas from Nippon Steel Corp , JFE Steep Corp, Sumitomo ...

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