Ford to overhaul auto parts purchasing program

Newswire

DETROIT, Sept 29 (Reuters) - Ford Motor Co. on Thursday said it is restructuring its purchasing program for auto parts, which will reduce its suppliers by more than half, part of the auto company's strategy to cut costs. The second-largest U.S. automaker plans to award longer-term contracts to fewer parts suppliers in a bid to streamline a complex and costly network, according to a company spokesman. Tony Brown, Ford's head of purchasing, is scheduled to provide more details on a ...

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