In conjunction to outlining Ford’s plans to reduce the number of suppliers it works with by roughly 40%, Ford Motor Company group vice president of global purchasing, Hau Thai-Tang, also announced that the automaker’s spending budget will surpass $100 billion in 2013. The rise in spending can be attributed to new technology, rising production costs, and new fuel economy standards.
According to the Detroit News, two-thirds of that $100+ billion will go towards manufacturing expenses. Thai-Ting confirmed that, overall, Ford’s spending is expected to remain proportionate across its global regions.
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