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Automobiles

Toyota pushes suppliers for out-of-cycle price cuts

As sales slump, engine makers asked to pass on lower steel costs

Toyota expects to sell 15% fewer vehicles this fiscal year as the coronavirus hits demand.

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.

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