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auto suppliers

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    Report: Toyota urges suppliers to slash prices or be left behind
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    For years, Detroit automakers would argue that the Japanese yen was artificially devalued, and that the value of the currency was a big competitive advantage to the likes of Toyota and Honda. To erase this gap, The Detroit Three pressured suppliers to lower costs in any way possible, which caused ...

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    Study: Toyota still tops in supplier relations, but only just
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    When it comes to manufacturing and selling a complicated product like an automobile, a company's relationship with its suppliers is of huge importance. A good working partnership can translate into higher levels of reliability and lower cost as well as early access to cutting-edge tech. According ...

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    GM agrees to terms to sell Nexteer steering operations to China's PCM
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    General Motors reports that it has come to an agreement to sell its Nexteer steering operations. Nexteer, which had $6.2 billion in revenue as recently as 2008, was acquired by GM as part of a deal to help Delphi exit bankruptcy. The buyer? Pacific Century Motors, which is part of The Tempo Group ...

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

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    Half of all major U.S. suppliers said to be bankruptcy risks in 2009
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    A new study by consulting firm A.T. Kearney has found that more than half of all current automotive suppliers could file for bankruptcy protection in 2009, resulting in at least 1 million job losses. Even the most optimistic scenario would have 35% of all suppliers facing insolvency, and some ...

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    GM to bypass Tier 1 and pay Tier 2 suppliers directly
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    Ever heard the saying, "It takes a village to raise a child?" Something similar could be said about the automotive industry, except the village is an assorted and wide-ranging group of auto suppliers and the child is your next new car. Currently, the major automakers only deal directly with Tier 1 ...

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    U.S. Treasury unveils $5B Supplier Support Program
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    As difficult as it was for General Motors and Chrysler to secure emergency loans from the government, the supplier community that supports the auto industry has found it even more so. Until today. This morning, the Obama administration announced its Supplier Support Program, which creates a $5 ...

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    Big Three Sitting on $10 Billion Goldmine - Autoline on Autoblog with John McElroy
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    There's no question that the Detroit-based auto industry needs a lot of help. There's a 100-year history of how it got into the problems it's in, and some of those problems are beyond management's control. But there is one area where General Motors, Ford and Chrysler have total, complete ...

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