Ford on Thursday said it is restructuring its purchasing program for automotive parts, which will reduce its suppliers by more than half, as of the strategy to cut costs.
Ford on Thursday said it is restructuring its purchasing program for automotive parts, which will reduce its suppliers by more than half, as of the strategy to cut costs.
A company spokesman told Reuters Ford plans to award longer-term contracts to fewer parts suppliers in a bid to streamline a complex and costly network.
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