Toyota’s US president Jim Lentz says he is worried about the future of more than 100 suppliers that make up the brand’s supply chain with immediate and serious concern for almost 30.
Lentz said that not only did this pose a threat to Toyota’s production schedules but that with so many suppliers’ futures in limbo, thousands of manufacturing jobs could be at risk.
Testifying before the Obama administration’s auto industry task force, Lentz said he has serious concerns as to the welfare of some 20 to 30 suppliers.
In all Toyota uses about 500 suppliers in the US, about 60 percent of which make parts for other car manufacturers.
Lentz also voiced concern over a failure of one of the Detroit Three at the meeting saying 45 percent of US Toyota dealers also own a GM franchise.