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Toyota concerned about needs of US parts suppliers

Toyota concerned about needs of US parts suppliers

A top Toyota executive says the Japanese automaker is concerned about the fate of 20 percent of its parts suppliers who face a cash crunch because of the sluggish economy.
Jim Lentz, Toyota's top U.S. executive, said he stressed the company's concerns for U.S. suppliers during a 35-minute meeting with the Obama administration's auto task force on Wednesday.
Suppliers are seeking up to $25.5 billion in federal aid to domestic automakers and parts suppliers.
Lentz says the company is worried about 100 of its 500 top parts suppliers.


Updated : 2021-03-04 11:54 GMT+08:00