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Investments in replacement parts distribution centers follow double-digit increases in aftermarket parts sales.
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Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
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The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.
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The National Automobile Dealers Association and 12 other trade groups to urge Congress to advance a bipartisan bill to combat this rising threat.
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The automaker’s acceptance of parts it would have thrown away in the past marks a notable change for a company renowned for stringent quality control.
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Parts manufacturers rely on magnesium from China to help reduce vehicle weights. But China’s current magnesium output is at 50% of normal levels.
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