Honda to cut over $9B costs, orders suppliers to cut prices
Japan’s Honda (TSE:7267) aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce prices, according to internal documents and a person familiar with the matter.
By Maki ShirakiJapan's Honda TSE:7267 aims to cut more than $9 billion in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with the matter.The plan, reported here for the first time, is one of the…