Toyota scrambling to meet growing demand for hybrids

[Bakemono]

http://www.nyse.com/interface/jsp/NH...sdowjones=true

Japan's biggest automaker is scrambling to keep up with the growing demand for hybrids, especially in North America, where soaring oil prices - now double from several years ago - are suddenly making hybrids an attractive cost- saving alternative.

The Wall Street Journal reported Wednesday some grumbling from a Ford official that the Dearborn, Michigan-based carmaker was having trouble getting hybrid parts because of Toyota's desire for auto parts. The report quoted Mary Ann Wright, head of Ford's hybrid program, as saying Toyota was trying to squeeze the component supply at an affiliate of Japanese manufacturer Aisin Seiki Co. ( 7259.TO), in which Toyota owns a 23% stake. "I don't know what other carmakers are saying," Okamoto said when questioned about the report at a reception this week for the Tokyo auto show. "If they want parts, why don't they place their orders?" Unlike some Western automakers, Toyota has long maintained a network of suppliers, with which it maintains close relations including shareholdings, and keeps much of its research and parts production within its own group of companies. Rieko Kato, Ford spokeswoman in Tokyo, declined to comment on the Journal report. Aisin, which also does business with General Motors Corp. (GM), Nissan Motor Co. (7201.TO) and other automakers, had no comment other than to say it wants to maintain good relations with Ford.

Cap'n

[Bakemono]

I like Okamoto-san's comment, "If they want parts, why dont they place their orders?" LOL
Cap'n