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Automotive News Europe, August, 2004
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Japan buys more European parts
TOKYO - Japanese automakers sharply increased their purchases of European-made parts and components in the fiscal year ended March 31, 2004.
Total purchases rose 22 percent to a record ?9.7 billion, the Japan Automobile Manufacturers' Asso-ciation said. It was the steepest rise since JAMA began tracking those purchases in the year ended March 1997.
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Purchases of parts for use in Japanese companies' European factories rose 21 percent to ?8.28 billion. Imports of EU-made parts into Japan jumped 29 percent to ?1.42 billion. Both figures were ...
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