Google stock gained on Wednesday after YouTube said its short-form video rival to TikTok now has 1.5 billion monthly users globally. Read More...
Reuters
As yen tumbles, Japan’s automakers take cost burden off their suppliers
For decades, Japan’s powerful automakers had a playbook to deal with deflation: press suppliers for lower prices on everything from seat belts to wire harnesses and promise volume. Now, with inflation biting around the world, Toyota Motor Corp, Nissan Motor Corp and others are shouldering more of the burden of soaring raw materials prices, or extending other help to hard-hit parts makers, executives say. The measures show how automakers are attempting to shore up already strained supply chains, wracked by COVID-19 pandemic lockdowns and a global shortage of semiconductors, even at the cost of lower profit margins for themselves.
Add Comment