AUBURN HILLS, MI – Chrysler LLC will extract a 25% cost reduction from its suppliers over the next three years, but not before the auto maker gets its own house in order, says John Campi, executive vice president-procurement. “But in so doing, I do not want to negatively impact $1 or a percent of profitability out of the supply base,” Campi vows. And Chrysler will impose harsh penalties on itself if it fails to live up to its end of the bargain. The initiative, which Campi is expected ...
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