Ford requires suppliers to cut costs and promote profitability of electric vehicle business

Ford requires suppliers to cut costs and promote profitability of electric vehicle business
2024-05-17 08:36:45 Interface News

On May 17, the company memo showed that, Ford Automobile companies have asked their electric vehicle suppliers to reduce costs to support profitability, and said that "everything is on the negotiation table". Liz Door, chief supply chain officer of Ford, said in the memo that it is in the best interest for the company to provide affordable electric vehicle products to customers. In order to ensure reasonable prices, the product portfolio must further improve material cost efficiency.

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