Toyota Motor Corp.'s second-biggest supplier said the carmaker's goal to almost eliminate conventional combustion engines by 2050 is a wake-up call for parts makers to transform their businesses.Yasumori Ihara, who ran Toyota's emerging markets operations before becoming Aisin Seiki Co.'s president in June, said the automaker's objective means components makers need to prepare to supply for cars that will be predominantly hybrids or fuel-cell vehicles.
"We need to be prepared, as electrification means our engine parts and transmissions are not going to be used in cars anymore," Ihara said at this week's Tokyo auto show.
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