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Toyota rocks the boat in Japanese supplier industry

  • Toyota (NYSE:TM) steered away from the Japanese supplier network for an important component of the new Corolla model in what could be a critical development for the automobile supplier industry.
  • The automaker picked German firm Continental (OTCPK:CTTAF) over Denso (OTCPK:DNZOF, OTCPK:DNZOY).
  • The Japanese business style called keiretsu (tight control) has held back innovation in the opinion of some experts.
  • Related stocks: HMC, OTCPK:MZDAY, OTCPK:NSANY.

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