Major auto suppliers are successful in winning new business only 25% of the time, and if this rate is improved by 5%, they could gain close to $700 million in revenue.
Integral Solutions Inc. (ISI, Royal Oak, MI), a provider of advanced product quality planning software and a training firm has signed a letter of intent with ASI DataMyte Inc. (Minnetonka, MN) to merge the two companies.
Ford's well-known slogan, Quality is Job 1, took a beating the past couple of years as quality gaffes and product recalls hurt business and damaged its reputation.
The Automotive Industry Action Group (AIAG) has successfully tested new technology that allows automakers and suppliers to share previously incompatible product data files used to design auto components.
ANN ARBOR, MI—Faced with the growing costs of sales incentives and pension liabilities, automotive OEMs are demanding that their suppliers reduce their 2003 prices by 2% to 10%.