Suppliers


Analyst: Detroit 3 to be outproduced by foreign transplants on U.S. soil by 2012

If you think life can't get any worse for the bloodied and battered Detroit three automakers and their suppliers, you're wrong – at least according to a new study from Grant Thornton LLP's Corporate Advisory and Restructuring Service. The accounting and management consulting firm used data from CSM worldwide that forecasts U.S. automakers will produce fewer vehicles on U.S. soil than Asian and European automakers by the year 2012 despite an expected return to profitability. Included in these projections are a 35% reduction in U.S. ... Read more →

WSJ: Obama nixes auto suppliers' request for aid Chris Paukert

According to The Wall Street Journal, President Obama has taken a pass on granting auto parts suppliers' request for $10 billion in aid, leaving the financially-strapped companies to seek succor from ...

Tier-1 supplier Metaldyne files for Chapter 11 bankruptcy too Jonathon Ramsey

To the roll call of auto industry titans that have gone or are going bankrupt -- Visteon, Chrysler, GM, Saab, Karmann, ASC, Source Interlink -- we can now add Tier 1 supplier Metaldyne, which filed ...

STUDY: Toyota and Honda supplier relations suffer while Ford, GM improve Jonathon Ramsey

In the latest installment of an annual supplier relations survey put together by Planning Perspectives, Honda and Toyota have upheld their top positions in spite of suppliers describing downgrading ...

Who are Chrysler's top ten creditors? The answer may surprise you Jonathon Ramsey

Chrysler's top ten creditors are owed about $400 million, and the top two creditors account for nearly $130 million of that. The company first in line for payment is Ohio Module, which is a ...

Toyota exec says automaker ready for GM bankruptcy 7 months ago on Autoblog

The world's largest automakers are intertwined in a myriad of ways and they need to watch their competitors in both good times and bad. When talk of a GM bankruptcy was first floated, the discussion of the effects naturally led to GM's suppliers. That discussion then led to what the effects would ...

Camaro supplier sues GM right back 9 months ago on Autoblog

The Cadence-and-Camaro saga continues. Cadence, which makes interior parts for the Camaro, declared bankruptcy last August. GM sued the supplier to recover the specialized tooling machines it could need in order to continue Camaro production - or will it need to have the machines made again. GM ...

GM suing supplier to keep Camaro production going 10 months ago on Autoblog

Every time GM turns a corner it seems to come face to face with another obstacle. The latest setback concerns supplier Cadence, LLC, which provides interior parts for the 2010 Camaro. Cadence declared bankruptcy in August, and is now in liquidation proceedings. To GM's chagrin, joining Cadence in ...

Chrysler suppliers demanding COD 11 months ago on Autoblog

With Chrysler's cash dropping to $2.5 billion as we race to the end of the month, suppliers to the automaker have begun asking for immediate payment for delivered parts. When suppliers demand COD from struggling companies such as Chrysler LLC instead of extending payment terms, it wreaks havoc with ...

Surging steel prices cost automakers $500 more per vehicle 1 year ago on Autoblog

A few years ago, high(ish) gas prices and fierce competition had Detroit automakers talking about the "perfect storm" that the domestic industry was facing. Fast forward to 2008 and the entire auto industry, not just U.S. automakers, is in a full-blown tsunami. Gas is $4 per gallon, the U.S. is ...

Striking UAW and American Axle will sit down and talk today 1 year ago on Autoblog

The nine-day-old UAW strike on American Axle has already halted production at five GM plants and seven suppliers, and the two sides have yet to hit the bargaining table. That will change today, as both sides at least agree that they should be trying to reach an accord. The two sides are still far ...

Sorry suppliers, Ford and other automakers set to insource more parts 1 year ago on Autoblog

In this blustery economy, we often hear of jobs being outsourced to save money. The auto industry, however, and in particular Ford, is set to start a new trend: insourcing. Rather than contracting with suppliers to build certain components or sub-assemblies, automakers are now considering doing that ...

BMW running at 100% capacity, simultaneously irritating suppliers 1 year ago on Autoblog

BMW's running full-bore as it strains to double its profit margin within the next five years. Across all 23 of the company's manufacturing locations, capacity is maxed out at 100-percent, and there's nary an extra Roundel badge to be had. As BMW pushes for a 10-percent profit margin, they're also ...

Toyota exec answers recall issues 3 years ago on Autoblog

It is no secret that Toyota has had its share of quality problems this year. The company has recalled over 1 million vehicles, and Kazuo Okamoto, head of its research and development organizations, is looking for the silver lining. According to Okamoto, his company's recent quality problems can be ...

Level Field Institute releases report on domestic content 3 years ago on Autoblog

The Level Field Institute - a group consisting of Big 3 retirees - has released a report detailing the impact of domestic and transplant automotive OEMs on the American auto parts industry, and it contains some interesting nuggets of information. Of the $225B in auto parts purchased from the US ...

Ford losses won't change plans for suppliers 3 years ago on Autoblog

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, ...

Surprise, surprise: UAW not down with the plan to renew the exec bonus plan 3 years ago on Autoblog

Not surprisingly, the United Auto Workers have taken issue with a bonus plan proposed for Delphi's executive management, saying that if the bonuses were to pass, it would ruffle some feathers as the two parties proceed with negotiations. The plan, which Delphi successfully petitioned the judge for ...

Turnaround expert: Auto parts sector is a "very, very troubled industry" 3 years ago on Autoblog

Al Koch helped see over the revival of Kmart, so he knows a thing or two about financial difficulty - and that's exactly what he sees in the auto-part industry. Koch specially mentions decreasing production from domestic automakers as potentially causing severe trouble. While a move ...

Delphi reaches buyout agreement with second-largest union 3 years ago on Autoblog

Delphi has announced the successful negotiation of a buyout deal for its employees who are represented by the International Union of Electrical Workers (IUEW). Approximately 8,000 employees are eligible to participate, and will receive either lump-sum payments of $35,000 or packages ...

Domestic automakers improve relationships with suppliers, but Asians still much favored 3 years ago on Autoblog

Within the auto industry, it's something of an secret that most suppliers prefer to work with Asian "transplant" OEMs, who are perceived to be easier to work with. Planning Perspective's recently released survey shows that the Big 3 are making substantive improvements, but still have a long ways to ...

Toyota plans more purchases from German suppliers 3 years ago on Autoblog

Shinichi Sasaki (pictured), president of Toyota Motor Corp. Europe, stated last week that the automaker plans to increase purchases from such German companies as Continental AG and Robert Bosch GmbH. Suppliers from the Fatherland already provide around 25 percent of the division's parts. According ...

GM demanding suppliers must outsource from low cost nations? 3 years ago on Autoblog

Oh, the peril of being a company in a global economy" that has survived in part by virtue of its customers' "Buy American" attitude. Gneral Motors is clearly stating that it has no official plan to force suppliers to go to low-cost countries (LCC; also known ...






Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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