Survey Says Honda Beats Toyota in Auto Parts Supply
According to a study conducted by the research firm Planning Perspectives Inc, Honda Motor Co has toppled Toyota Motor Corp as the biggest supplier of auto parts.
However, the research firm said that Honda, just like most carmakers around the world, is not spared from declining sales due to recession.
In a remarkable turn of event, Toyota Motor Corp, which has been the biggest supplier of auto parts for the past seven years, was recently toppled by its rival Honda Motor Co, a research marketing firm said on Monday.
According to Planning Perspectives Inc, Honda has inched its way to the top, pushing Toyota to the second place. Despite its apparent victory, the research firm said that Honda, just like most carmakers around the world, is not spared from declining sales due to recession.
The Planning Perspectives also said that Nissan Motor Co comes in third place followed by Ford Motor Co which has posted the most dramatic improvements among car part suppliers. Meanwhile, General Motors Corp. and Chrysler LLC come in fourth and fifth rank, respectively.
Meanwhile, Planning Perspectives CEO John W. Henke said in statement that Ford still needs to improve itself but added that its restructuring plans seem to be working for the company.
Earlier report said Ford has restructured its business strategies and transferred its top European officials to the United States to boost its sales of auto parts in the world market.
Ford has been lauded for keeping its finances afloat since this is the only company among Detroit’s Big 3 which did not seek stimulus aid from the federal government.
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