Ford to streamline global purchasing process-WSJ

Newswire

NEW YORK, Sept 29 (Reuters) - In a move to save billions of dollars a year, Ford Motor Co. plans to overhaul its global purchasing process to offer larger, long-term contracts to a smaller group of suppliers on future models, the Wall Street Journal reported on Thursday. The initial phase of the plan, expected to be announced later on Thursday, covers more than $35 billion in Ford purchasing for 20 key parts such as seats, tires and bumpers. Ford will cut by more than half the number of ...

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