TOKYO -- Akebono Brake Industry's financial troubles that were revealed this week represent the immense cost cutting pressure auto suppliers are under, as carmakers try to allocate money to their costly pursuit of next-generation technologies.
Business trends
As carmakers go all in for tech, Akebono and suppliers left behind
Toyota and peers demand price cuts to free up cash for future vehicles
The push toward electrification and other next-generation technologies by Japanese automakers like Toyota is fraying once-strong ties with parts suppliers. © Photo by Yoichi Iwata
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