DETROIT — Ford Motor Co. slashed the number of production suppliers eligible for future work by 26 percent to 1,600 companies in 2008. But Ford purchasing chief Tony Brown said late Friday he still is less than halfway to his goal of 750.
Brown won't say when he expects to meet that goal. But given the economic crisis, it will happen faster than previously planned, he said. The industry hasn't seen the peak in the level of distressed suppliers and supplier bankruptcies and insolvencies, he said.