Ford to drop 1,700 suppliers, keep 800 - paper

Newswire

FRANKFURT, Jan 23 (Reuters) - Ford Motor Co intends to cut the number of its suppliers around the world to around 800 over the next few years from about 2,500 now, industry paper Automotive News reported on Monday. That would be a bigger drop than originally planned by Ford, which has said in the past it would reduce the number of suppliers by around half in a bid to get better technology at lower cost. Ford buys about $70 billion of parts annually, the paper said. The number two U.S. ...

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