CORRECTED - UPDATE 1-Automakers press suppliers for lower prices

Newswire

In CHICAGO story headlined "Automakers press suppliers for lower prices" please read in paragraph 7 "Ford has said it is seeking $3 billion in total cost reductions in 2003....It has not announced a total cost-reduction goal for 2004." instead of "Ford has said it is seeking $3 billion in total material cost reductions in 2003...It has not announced a total cost-reduction goal for materials in 2004. (Corrects to delete the word material in two sentences) A corrected repetition follows. ...

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