DETROIT -- Fiat S.p.A. and Chrysler Group will share more than two-thirds of their suppliers by 2014, up from about half currently, Chrysler purchasing chief Daniel Knott said today.
Chrysler is also continuing to cut purchasing costs and expects $2.9 billion in cumulative savings from 2010 to 2014, including $500 million next year, he said.
The company will improve its relationships with suppliers, Knott said, noting that the company is currently ranked last in the industry in this area.
“Chrysler purchasing will be accountable,” Knott said. “We will be firm, and we will be fair.”
Knott didn't identify which ranking he was referring to.
In May, Chrysler came in last in an annual survey of suppliers that was released by Planning Perspectives Inc., of suburban Detroit. The survey ranked automakers' relations with their parts makers.
At the time, Planning Perspectives CEO John Henke Jr. held ex-Chrysler purchasing boss John Campi responsible for the automaker's performance. Campi left in December.