Thursday, August 05, 2004
Yahoo! News - Rift harming auto industry: "-- The tense relationship between Detroit's automakers and their suppliers was on display Wednesday as executives from both camps spoke about cooperating and collaborating while taking subtle or direct swipes at each other.
In various speeches, executives talked about the need for auto suppliers and automakers to work together -- especially as escalating steel prices, rising interest rates and higher profit-eating incentives mix with other concerns to threaten the U.S. auto industry and manufacturers in general.
But in those same speeches, automaker executives would question whether their suppliers had the technology to keep up -- or supplier executives would point a finger at automakers for their own inefficiencies they say drag down the whole industry. "
In various speeches, executives talked about the need for auto suppliers and automakers to work together -- especially as escalating steel prices, rising interest rates and higher profit-eating incentives mix with other concerns to threaten the U.S. auto industry and manufacturers in general.
But in those same speeches, automaker executives would question whether their suppliers had the technology to keep up -- or supplier executives would point a finger at automakers for their own inefficiencies they say drag down the whole industry. "
