North American automakers must trust suppliers if they hope to reduce staggering warranty costs, while suppliers need to shape up to ensure their own survival, warns Freudenberg-NOK Chief Executive Joseph C. Day. The Big Three sold about 12 million vehicles last year, but spent about $6 billion on warranty costs, Mr. Day tells the Detroit Economic Club. “You do the math,” he says of the $500-per-vehicle expense. “Perhaps the industry should move its focus away from confrontational ...
Premium Content (PAID Subscription Required)
"OESA: Closer OE-Supplier Ties Needed" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.