2024 Automotive News All-Stars

Image
Name
Purchasing: Kazunari Kumakura
Chief officer, purchasing division
Toyota Motor Corp.

After soaring to record profits, Toyota did something almost unheard of. It started sharing the wealth with suppliers. Starting this fiscal year, the world’s largest auto manufacturer began paying higher prices to encourage better labor conditions at some 400 Tier 1 suppliers in Japan.

Staying current is easy with newsletters delivered straight to your inbox.