Reuters revealed that for decades, Japan’s powerful automakers had a playbook to deal with deflation: press suppliers for lower prices on everything from seat belts to wire harnesses and promise volume. Now, with inflation biting around the world, Toyota Motor Corp, Nissan Motor Corp and others are shouldering more of the burden of soaring raw materials prices or extending other help to hard-hit parts makers.
The post Reuters reveals as yen tumbles, Japan’s automakers take cost burden off their suppliers appeared first on Reuters News Agency.
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