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 ...
Premium Content (PAID Subscription Required)
"Toyota works with steelmakers to cut costs--report" 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!
Current subscribers, please login or CLICK for support information.