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Ford’s Supplier Solution (8/6/10)

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  1. General Motors0:21
  2. GM's0:37
  3. Washington Post1:02
  4. auto loan1:07
  5. quarter profit1:37
  6. traverse city Michigan2:59
  7. America purchasing2:28
  8. Rick Wagoner0:46
  9. compare costs1:31

Fri, 6 Aug 2010|

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Automatically Generated Transcript (may not be 100% accurate)

Yeah. Yeah. Hello it's Friday August. Welcome the first -- I'm Jennifer bond. Not -- play what one auto maker is doing to supplier relations. And now you're headline. General Motors at your. It will offer what it called 100000. Mile lifetime protection conflict part on Opel and -- models. Opal was almost sold last year during GM's financial crisis as. And this year it battling it 40% sales drop in Germany. Ousted GM boss Rick Wagoner won't work. Bloomberg reports he'd been elected a director. A -- holding. A company that recycle aluminum and makes products for the construction and packing industry. In June Wagner joined the board a Washington Post Co. Consumers will have an easier time filling out auto loan formed under a federal initiative. Deputy Treasury Secretary Neal -- only. Second effort to clarify currently disclosures will be part of a broader administration effort to do that they came from mortgages and credit card. -- that that -- disclosures will allow consumers to make better choice -- borrow more responsibly. And compare costs. And finally many international today report -- second quarter profit of 293. Million dollars. This after losing money a year earlier. Sales and north America's biggest supplier soared 63%. Tuesday billion dollars. I don't and a relationship with suppliers. It's off in a world of strain. But companies like Ford are working to improve those ties. The auto maker is creating one not shopping where suppliers. -- re organizing its purchasing operation. To get the pliers a single point of contact. And improving port ability to use common heart across the globe. I think absolutely it has make things. Very simple for supplies we used to be very complex to work at birth parent at Ford executive director of global programs in America purchasing. That's Ford reacted in 2005 when it was ranking dead -- in any supplier survey. In this year's annual automotive supplier survey by consulting firm planning perspectives. You auto maker Ford was ranked among the top three for the first time in the studies history. Barron's says fewer fourth suppliers are just stressed financially but they're not out of the woods yet. -- and spoke with our -- graduate at the management briefing seminars in traverse city Michigan. And to get production line purchasing newsletter that auto news.com. Slash email China. And now a first shift but note. Years ago today a French auto maker Peugeot announced plans to pull out of the US market. And that wraps up this week a first -- thinkers joining us and had a fantastic weekend.

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