Ford sets new price-cut target for suppliers

Newswire

CHICAGO, Nov 18 (Reuters) - Ford Motor Co. , aiming to return its auto business to profitability, has asked its suppliers to shave another 3.5 percent off the price of components, beginning Jan. 1, a Ford spokesman said on Tuesday. Automotive parts suppliers are under constant pressure to lower costs from automakers, which are engaged in a profit-eroding price war. Ford made its latest request at a meeting of its top 100 suppliers this month, said Ford spokesman Paul Wood. "To ensure ...

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