GM prepares new supplier price program

Detroit, Michigan – General Motors’ top purchasing executive says he is buttressing GM’s cost-cutting efforts with a new plan to cut the cost of components.

While GM has not named the new two-year program for 2006-2007 or indicated how much money it plans to recover, it is expected to be comparable with the current so-called “20/3” program.

The plan will be introduced after discussions with a group of 10 supplier executives who make up GM’s Purchasing Supplier Council.

Bo Andersson, GM’s vice president of global purchasing and supply…

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