USA: Japanese Automakers' Purchases of U.S. Made Auto Parts Reach New High of $31.9 Billion
Japanese automakers purchased a record $31.9 billion of U.S.-made auto parts in fiscal year 1999 for use in Japan and the U.S. -- the 13th year in a row of increases, according to the Japan Automobile Manufacturer s Association (JAMA). "This represents a 13 percent increase over FY 1998. It also demonstrates the continuing internationalization of the auto industry as well as cooperation between Japanese manufacturers and U.S. parts producers," said William C. Duncan, General Director, JAMA USA.
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