Toyota Says Plans to Spread the Wealth to Support Japan
This article is for subscribers only.
Toyota Motor Corp., which analysts estimate will earn more profit this fiscal year than all the other Japanese carmakers combined, could be ready to spread the wealth.
As Toyota raised its fiscal-year profit forecast to a record 2.13 trillion yen ($18.1 billion), the manufacturing giant said it may ease up on its usual practice of squeezing suppliers to lower prices of auto parts. The idea: leave some gains to companies lower down the supply chain so they have the resources to boost wages.