DETROIT -- Automotive industry suppliers are raising prices to their customers across the board, not just with Ford Motor Co., which warned this week it was taking a $1 billion inflationary cost hit.
Several suppliers said Ford isn't 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.