Continental Teves North America is among the latest large Tier 1 suppliers to ask for price cuts from Tier 2 parts makers.
Company President Bill Kozyra outlined expectations for annual materials cost reductions of 5 percent or more at a gathering of more than 80 suppliers earlier this month. The brake and chassis maker, a unit of German supplier Continental, also sought quality and delivery improvements.
``As our customers look to us for further price reductions and improvements, we are looking for our suppliers to do the same," Kozyra said.
The past year has been brutal for suppliers regarding price concessions. It started with Daimler-Chrysler …
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