Manufacturing Industry
Toolmakers to feel squeeze of carmakers' payment plan.(Brief Article)
Plastics News, April, 2000 by Miel, Rhoda
Carmakers are considering a new payment plan for tools, one that could push back final payments on molds for years and encourage consolidation among molders and mold makers that supply the auto industry. Ford Motor Co. is leading the effort to amortize payments for new molds over the life of a project, rather than paying upfront.
The company wants to phase in the plan in the next three years, said Neil De Koker, managing director of the Original Equipment Suppliers Association in Troy, Mich. The group expects that other North American carmakers will follow suit. "The issue is not whether it will happen, but how it will happen," De Koker said in a March 23 telephone interview. Even if the switch starts with major suppliers, everyone in the chain will feel the...
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