Ford plans to halve suppliers will hasten shakeout

Newswire

By David Bailey MILWAUKEE, Sept 29 (Reuters) - Ford Motor Co.'s plans to slash by one-half the number of suppliers it uses for key auto parts will hasten the shakeout among suppliers and eventually help create a stronger industry, analysts said on Thursday. Ford, the second largest U.S. automaker, said it intends to expand significantly parts sourcing from seven key suppliers, as it cuts by half suppliers for new business in seats, wiring, restraint systems and instrument and trim ...

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