Automotive Industry
Industry: Email Alert RSS FeedM-B wants 5% off parts; 150 suppliers told to cut prices over 3 years and rebate some now.(News)
Automotive News Europe, December, 2003
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Byline: Klaus-Dieter Floerecke, Franz W. Rother Automobilwoche
Mercedes-Benz wants 150 of its suppliers to lower their prices by 5 percent within the next three years.
The amount includes a flat 2 percent reduction plus 3 percent to be achieved by making technical changes to the ordered vehicle components.
DaimlerChrysler boss Jurgen Schrempp told the Mercedes-Benz Car Group's purchasing department for more cost saving measures to help offset a drop in sales.
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Some suppliers were even asked to make large retroactive, one-off payments in accordance with the new ...
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