Toyota to pay strapped Japan suppliers more to finance better working conditions

It is unclear how much extra Toyota will pay in total. Increases will vary by supplier and negotiations have only just begun, he said. (TOYOTA MOTOR CORP.)

February 20, 2024 05:25 PM

TOKYO — Toyota plans to tap its record profits and share the wealth with suppliers so that strapped parts makers can keep up with the Japanese carmaker's breakneck sales and production pace.

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