Iran war costs impact Toyota supplier profit outlooks
Japanese parts suppliers warn that the Iran war is driving up material costs and threatening production. Denso and Aisin have lowered their profit forecasts.
Xurve View
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Xurve View
TOYOTA MOTOR CORP suppliers are cutting profit forecasts by up to 45 billion yen ($282 million) as the war in Iran drives up material costs. The conflict, which began February 28, is disrupting supplies of aluminium and naphtha-derived plastics across Japan. Investors face margin compression as suppliers absorb rising input prices before they can pass costs to automakers.
