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Toyota Said to Ask Parts-Makers to Cut Prices or Be Replaced

Toyota Motor Corp., Asia’s biggest carmaker, is telling parts suppliers in Japan to slash prices or face being replaced by overseas rivals as the yen’s value appreciates, four people involved with the discussions said.

Toyota, which loses 34 billion yen ($443 million) in operating profit for every 1 yen appreciation against the dollar, told parts-makers it will buy more from emerging markets if domestic suppliers can’t match overseas prices, according to the people, who declined to be identified because the talks are private.