Automotive Industry

Teves asks for price cuts in USA; Tier 1s have no choice but to demand cost reductions from their supply base.

Automotive News Europe, December, 2001 by Wilson, Amy

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Continental Teves North America is among the latest large Tier 1 suppliers to ask for price cuts from Tier 2 parts makers.

Company President Bill Kozyra outlined expectations for annual materials cost reductions of 5 percent or more at a gathering of more than 80 suppliers earlier this month. The brake and chassis maker, a unit of German supplier Continental, also sought quality and delivery improvements.

``As our customers look to us for further price reductions and improvements, we are looking for our suppliers to do the same," Kozyra said.

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Automotive Industry

Teves asks for price cuts in USA; Tier 1s have no choice but to demand cost reductions from their supply base.

Automotive News Europe, December, 2001 by Wilson, Amy

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