News
WardsAuto logo
SuppliersStockman reads riot act to supply baseStockman reads riot act to supply base
As demands on suppliers increase, so must the lengths of their contracts, says the founder of Heartland Industrial Partners LP, a private equity fund that has been acquiring auto suppliers. The supplier base is rapidly absorbing former OEM fixed costs and becoming much more asset-intensive, says David A. Stockman, a former Reagan Admin. cabinet member. While suppliers are being asked to take more
Subscribe to a WardsAuto newsletter today!
Get the latest automotive news delivered daily or weekly. With 6 newsletters to choose from, each curated by our Editors, you can decide what matters to you most.