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suppliers

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    Report: Toyota, Honda top supplier survey with lower results, GM and Chrysler improve
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    Before financial Stargate opened in September of 2008 and transported us to an entirely new economic dimension, it was oh so common to read about domestic automakers hammering Tier One suppliers to lower their prices. Of course, suppliers are still asked to find efficiencies, but pre-2008, it ...

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    Report: Two Japanese suppliers plead guilty for bid-fixing, will pay record fines
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    Two more Japanese auto industry suppliers, Yazaki and Denso, have been fined by the U.S. Department of Justice and four executives from Yazaki will go to jail, according to reports in the New York Times and Automotive News. Yazaki's $478 million fine and Denso's $78 million fine come on top of ...

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    Report: Nissan has a North American quality problem: suppliers
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    During the automaker's Quality Forum, reporters were told that Nissan had reduced "nonconforming deliveries," a euphemism for bad batches of parts from vendors, by 85 percent from 2007 to 2011. Yet problems remain, according to a report in Automotive News, with suppliers in North America – ...

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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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    How GM avoided its own disaster after Japanese quake
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    While Toyota has been one of the automakers hardest hit by the tragic Japanese earthquake, tsunami and nuclear disasters in March of this year, nearly every auto company on the planet felt its impact. Thanks to a global, tight-laced network of interconnected suppliers, manufacturers were left ...

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    Saab production temporarily halted by unpaid suppliers *UPDATE
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    Yesterday, Saab was met with a slight production hiccup. The Swedish automaker's parent company Spyker Cars confirmed that production briefly ground to a halt at its Trolhättan assembly plant when a number of suppliers stopped the flow of parts due to non-payment of bills. Saab says it ...

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    Report: Visteon reaches pension agreement with Ford, eyes bankruptcy exit
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    Automobile parts supplier Visteon appears to be closer than ever to exiting bankruptcy after 15 long months of proceedings, with the help of the company's one-time master. The Detroit Free Press is reporting that Ford has agreed to waive $268 million in pension and retiree claims, relieving the ...

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    Report: Ford, GM make quality gains in new supplier study
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    Detroit automakers have a long history of less-than-rosy relations with their supply bases, while Toyota and Honda worked to keep their suppliers happy. But Detroit automakers have been promising to improve supplier relationships, and a study published by The Detroit News shows that the Motor ...

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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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    WSJ: Obama nixes auto suppliers' request for aid
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    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 Congress instead.While the president's administration says it will keep a wary eye on the state of ...

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    Tier-1 supplier Metaldyne files for Chapter 11 bankruptcy too
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    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 for bankruptcy for its American operations. Metaldyne makes metal bits for car and truck chassis and ...

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    STUDY: Toyota and Honda supplier relations suffer while Ford, GM improve
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    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 them to merely "adequate." Still above average in supplier relations rankings (along with Nissan), ...

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    Who are Chrysler's top ten creditors? The answer may surprise you
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    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 subsidiary of Hyundai Mobis, which is in turn a publicly traded subsidiary of Hyundai. Ohio Module makes ...

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    Toyota exec says automaker ready for GM bankruptcy
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    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 ...

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    Camaro supplier sues GM right back
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    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 ...

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    GM suing supplier to keep Camaro production going
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    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 ...

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    Chrysler suppliers demanding COD
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    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 ...

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    Surging steel prices cost automakers $500 more per vehicle
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    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 ...

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    Striking UAW and American Axle will sit down and talk today
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    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 ...

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    Sorry suppliers, Ford and other automakers set to insource more parts
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    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 ...

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