TOKYO/NAGOYA -- Toyota Motor has asked suppliers to lower prices on certain parts, citing sluggish sales and a drop in material costs amid the coronavirus, Nikkei has learned, in a move that could hit earnings in the sprawling supply chain of one of the world's largest automakers.
Toyota has sent price reduction requests to companies that sell parts made with a particular type of steel, including engines and suspension systems. The price of this material has dropped by about 7,000 yen ($66) per ton compared with the October-March average, according to the Japanese company.
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