Carmakers Pinching Suppliers Costs Billions in Profits
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The six largest U.S. automakers in the U.S. could have earned $1.4 billion more last year if they had improved their relationships with suppliers, a study shows.
The carmakers would have received such benefits as more advanced technology and dedicated supplier resources, better communication and quicker time to market, according to Planning Perspectives Inc., which conducted the research. In the case of General Motors Co., operating profit might have jumped by as much as $152 per vehicle, or about $400 million for the year.