The decision by Toyota to pay its UK-based suppliers in euros rather than sterling will put added pressure on the company's suppliers to bear the exchange rate costs that have resulted from sterling's strength against the euro, says just-auto.com. A number of car companies manufacturing in the UK have expressed concern at the decline of the euro against sterling since the currency's launch in 1999, including Ford, Nissan, Toyota, Honda and BMW (through its former subsidiary, Rover). The decline of the euro against sterling has hit the profitability of UK operations as UK-made cars have become more costly to build expressed in euros -- and margins have therefore been eroded. Exports to the eurozone of continental Europe are at the core of UK manufacturing strategies in the auto industry.
UK: Toyota's Currency Decision Piles Pressure on UK Auto Suppliers, According to just-auto.com


Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.


Dave Leggett, editor of just-auto
* plus VAT if applicable
Only on

15-year fitment forecasts for 20 automotive component sectors including:
Vehicles and markets • Connected vehicle technologies • Electrified vehicles • Lightweighting • Chassis and safety • Active and passive safety • Electronic braking systems • Foundation braking systems • Shock absorbers • Steering systems • Interiors • Door modules • Heating, ventilation and air-cooling • Seating systems • Exteriors and materials • Glazing systems • Roof systems • Powertrain and transmission • 4WD and AWD • Engine technologies • Transmission and clutch • Turbochargers • Electrics and electronics • Battery technologies • Electric motors • Lighting - plus OEM and supplier company profiles and extended automotive news.
Most popular news
Most popular insights
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Shivani Hayer on
+44 (0)1527 573 732 or complete this form..
