Byline: Mark Rechtin Automotive News Europe
Ford has all but given up hope for its pay-on-production scheme with its suppliers. There is no chance the ambitious plan will be used in North America, and Ford is re-evaluating its worth in Europe, a top executive said.
The plan involves paying suppliers of manufacturing and other major equipment on a per-unit production basis, rather than paying up front. The supplier then would own the equipment but have to be responsible for a large initial investment.
Ford has been using the strategy on a limited basis at plants around the world. It had limited it to non-production equipment, but under Ford's …
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