Toyota mulls GM offer for auto parts e-commerce
TOKYO (Dec. 27, 1999) — Japan’s Toyota Motor Corp. is considering a tie-up with US auto giant General Motors Corp. on procurement of auto parts via the Internet, a business daily said Thursday.
GM buys auto parts worth $80 billion annually and if Toyota joins hand with the U.S. automaker, it would create the biggest Net-based procurement program in the world, the Nihon Keizai Shimbun said.
The auto giant has bought a stake in a US online trade support provider and plans to set up its own site for the procurement of auto parts in March next year, the daily said.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.