Business Services Industry
Suppliers to DCX: Take a hike; Many refuse demand for 5 percent price cut.(DaimlerChrysler)(Brief Article)
Crain's Detroit Business, January, 2001 by Strong, Michael
Automotive suppliers reacted with shock and dismay in November when DaimlerChrysler AG demanded an across-the-board 5 percent price cut effective Jan. 1. Now suppliers are lining up to tell the automaker to forget it. ``I don't think it's fair or appropriate for DaimlerChrysler to arbitrarily institute a 5 percent price cut,'' said newly appointed Federal-Mogul Corp.
CEO Frank Macher. ``It's against the spirit of partnership. DaimlerChrysler needs to work with its suppliers to reduce its costs.'' Will Federal-Mogul give the price cut? ``No,'' said Macher, and he's not alone. Suppliers are telling the automaker that they are willing to negotiate a new deal, but few are coming with checkbooks in hand to give the 5 percent the automaker wants. In...
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