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Ford losses won't change plans for suppliers

Posted Jul 24th 2006 9:28AM by Erin Mays
Filed under: Plants/Manufacturing, Ford, Earnings/Financials

Ford Motor Company's recent $123 million second quarter loss may have the company scrambling to cut costs and otherwise speed up the Way Forward plan, but the company's suppliers shouldn't be too concerned. The company maintains that its efforts to streamline its supplier base will stay on track, which have already seen its supplier base of 2000 cut in half. Ford has already identified 36 preferred suppliers identified as supplying crucial parts to its manufacturing operations and signed multi-billion dollar long term contracts with some of them.

[Source: Detroit Free Press]

Tags: ford, suppliers, way forward, WayForward

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