Toyota plans help for US firms
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.TOYOTA yesterday sought to defuse the growing trade dispute between Japan and the US over car imports by announcing plans to help American component suppliers win more work from its assembly plants in North America and Japan, writes Michael Harrison.
The company is to open a supplier-support centre in Kentucky, the home of its US transplant factory. It said the new facility would be dedicated to raising the productivity and quality standards of domestic component firms.
The move was timed to coincide with talks between the US and Japan over ways of giving the American car industry greater access to the Japanese market.
Toyota, which sells more than one million cars a year in North America, said that by 1994 it planned to be purchasing dollars 3.82bn worth of US parts and materials for its transplant operations.
By the same date, the company added, it would be importing a further pounds 1.46bn worth of US-manufactured components to Japan.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments