TOKYO -- Honda Motor will help suppliers improve cash flow by switching to lump-sum payments for auto part dies instead of protracted installments, Nikkei has learned, sparing these companies the risks related to rising interest rates.
Automobiles
Honda to shield suppliers from higher rates with lump-sum payments
Japan automakers break from tradition as interest rates become risk for smaller partners
Honda previously has paid for auto part molds in 24 installments, a common practice in the industry. (Photo by Yuki Nakao)
Read Next
Latest on Automobiles
