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 go until becoming Best Friends Forever with the companies that supply parts to them.
"Restructuring, improving base operations and growing global business" were the Big Three for Visteon in first quarter, who turned a profit, despite lower revenues. Following the news, shares rose $1.14 to $7 on the New York Stock Exchange, a substantial 19 percent improvement.
The importance of quality parts and strong supplier relations was laid bare for the Ford Motor Company Thursday, as it was forced to hit the red button on five assembly plants (and partially close a sixth) after it learned that of a defective clutch mechanism employed in certain 4-speed automatic transmissions. The costly shutdown idles plants producin