By Robert Sherefkin, Automotive News
Detroit-General Motors this year likely will dump as many as 160 suppliers worldwide that it considers poor performers. The move is part of the automaker’s strategy that rewards top suppliers with business.
The programme is several years old, but GM is showing “a new exuberance in executing the strategy,” industry consultant Craig Fitzgerald says. The scheme seperates GM’s 3700 suppliers into three categories: Green: Good, 15percent; Yellow: Average, 70 percent; and Red: Must improve, 15 percent.
The new crackdown comes at…