Ford Announces Plans to Reduce Suppliers to 850 by End of 2009 (F)

8/7/2009 - Ford (NYSE:F) said Friday that it will cut its suppliers from 1,683 to 850 by the end of the year, eventually leading to its long-term goal of 750 global production suppliers. At the end of 2008, the company had 2,198. Ford encouraged suppliers to take advantage of the economic crisis to restructure financially and re-examine product portfolios to create healthier business models. Executive director of global powertrain purchasing Burt Jordan said, "Burt Jordan, executive director of global powertrain purchasing . . . For those that we have selected as long-term partners, we will work with you to help you achieve your goals."

Write to Chip Brian at cbrian@tradethetrend.com

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