DETROIT â Component suppliers to the Chrysler Group likely are rejoicing at the arrival of 2004, which represents the end of the mandatory 3-year 15% price cut imposed by the cash-strapped auto maker in December 2000. The across-the-board cost-saving program expired Dec. 31, but Chryslerâs new head of procurement says suppliers to his company should not expect a more relaxed approach to reducing material costs or a sudden improvement in profit margins. In some respects, Peter Rosenfeld, ...
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