USA: $US1 billion of parts from China by mid-2003 will give Ford "significant saving" - paper
Ford yesterday said it expected sourcing for parts and components from China to reach $US1 billion by the middle of next year and that could rise to more than $10 billion by mid-decade, as part of its overall drive to cut costs, the Financial Times (FT) said. Ford chief operating officer Sir Nick Scheele told the FT: "As we expand our manufacturing facilities in China and attract suppliers, I anticipate sourcing in China to be in the high single figure billions and can see it going into double figures...It could probably happen by the mid-decade."
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