Several suppliers said Ford is not suffering alone, as automakers across the board are being asked to shoulder more of the burden suppliers have faced from spiking energy, labor and raw material costs. Suppliers contacted by Reuters said they have raised prices on parts in the range of 7 percent to 20 percent.
"During the course of this year, more and more suppliers have gone in to their customers," demanding higher pricing from automakers, said Andreas Weller, CEO of aluminum parts maker Aludyne.
"They have been trying to hold everybody off, but eventually the dam breaks and then you have got to pay people," he said of the automakers.
Weller said in Europe alone, natural gas and electricity prices are almost 10 times what they were two years ago thanks to Russia's invasion of Ukraine, and even in the U.S. those prices are five times higher. Throw in the tight labor market and the higher compensation required to attract workers, and "there is no improvement in sight."