Hot off the Press


 

SHARE:  

Toyota Dissolving Interior-Supplier JVs
to Spur Competition

Toyota Dissolving Interior-Supplier JVs
to Spur Competition

Tuesday, December 9, 2008
 
According an Automotive News report, three of Toyota’s largest automotive-interior suppliers are dissolving or restructuring their U.S.-Japanese joint ventures that date back to the 1980s. Toyota has until now relied on joint ventures with American suppliers Johnson Controls and Lear Corp. for automotive-interior components. Its affiliated company Toyota Boshoku, which had partnered with Lear Cop. in 1980 to create Total Interior Systems-America (TISA), in Princeton, IN, has bought out Lear’s share of the company. And similarly, Boshoku is phasing out its relationship with Johnson Controls, with whom it partnered in 1987 to create Trim Masters, based in Harrodsburg, KY. Boshoku now owns outright five of the 11 Trim Masters’ plants in the United States and Canada, while Johnson Controls has taken over a Trim Masters plant in Texas. A Lear spokesperson is quoted in the article as saying that,” Lear will continue to supply components to Toyota, but under a new arrangement.” Lear and Boshoku will form a working group to jointly identify and pursue sourcing opportunities for certain seating components, as well as purchasing opportunities for key commodities such as steel.

 

Visit Our Sponsors