Toyota
purchased nearly $15 billion worth of parts and materials made in the U.S. during
the 2000 fiscal year (ending March 31, 2001), up 15% on the previous year.
The numbers were recently released as part of the Japan Automobile Manufacturers
Association’s annual announcement of procurement by the country’s automotive
companies. They cover purchases made from both the parent company and its U.S.
affiliates.
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Of the $14.85 billion total, Toyota bought $13.04 billion worth for its North
American plants with the remaining $1.81 billion spent on parts exported to
Japan.
Toyota now buys from some 500 North American automotive suppliers of parts
and materials.
Since 1986, when the company opened its Georgetown, Kentucky, plant, Toyota’s cumulative
North American purchases have reached $84 billion.
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