Because of high inventory levels, decreased consumer confidence, we've decided to reduce production to bring our production levels in line with market demand. |
The auto industry is in a slowdown, and our inventory going into winter months is higher than we would like, |
The idea is greater collaboration with the suppliers and hopefully greater cost savings for us. |
This is a more realistic way to address the reduction of material costs, to take it down to the part level, ... We hope it will be significant. |
We expect all of our suppliers to provide parts in a timely fashion, in the most competitive price and highest quality. |
What he did was wonderful. He has a great deal of integrity. You don't always hear good stories. |