TOYOTA – CHINA
April 1st, 2002
BY MARK ROWETOYOTA Motor Corp plans to buy Chinese parts to make cars in its operations in China as a way to cut costs, instead of shipping them in from Japan. Toyota would procure discount door parts and materials including steel sheet from China's leading steel-maker, Shanghai Baoshan Iron & Steel. Toyota reckons that it will be able to save around 30 per cent of costs by procuring the parts locally.The move means that Toyota will become the first Japanese car maker to use Chinese steel sheet and the company is also considering whether to also procure ...
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