According to internal documents and a person familiar with the matter, Japan's Honda Motor plans to cut costs by over 9 billion dollars in the next four years and has requested suppliers to significantly reduce prices. Honda's management introduced the plan to suppliers at a spring meeting, after which each supplier received a specific cost reduction target for their respective company. The documents show that Honda aims to cut costs by 30% in three key component categories.

According to internal documents and a person familiar with the matter, Japan's Honda Motor plans to cut costs by over 9 billion dollars in the next four years and has requested suppliers to significantly reduce prices. Honda's management introduced the plan to suppliers at a spring meeting, after which each supplier received a specific cost reduction target for their respective company. The documents show that Honda aims to cut costs by 30% in three key component categories.

智通财经2026/09/02 04:06

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According to internal documents and a knowledgeable source, Japanese automaker Honda plans to cut costs by over $9 billion in the next four years and has asked suppliers for significant price reductions. Honda management presented this plan to suppliers at a spring meeting, after which each supplier received specific cost reduction targets for their company. The documents show that Honda plans to reduce costs by 30% in three major key component categories.

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