Ripple Effect From The GM, UAW Strike Bears Down On Supplier Firms [Forbes]
Ford Motor Company (F)
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Source: Forbes
Ripple Effect From The GM, UAW Strike Bears Down On Supplier Firms The longer it goes on, the more ripple effect the General Motors For example, Nexteer Like other automotive suppliers, Nexteer is working to diversify its customer base so it’s not too dependent on any one customer or any one product. Still, GM represented the biggest portion of new bookings in Nexteer’s backlog, at 35%, as of Nexteer’s second-quarter report Ford Motor Co. GM strike began United Automobile Workers Dennis Hoeg Hoeg added, “We will continue to monitor the situation and update our employees as we learn more. Our goal is to return to full production as quickly as possible.” GM and the union formally opened negotiations on July 16. Nexteer is a so-called Tier 1 supplier, which means it provides parts and systems directly to the manufacturer. But the ripple effect isn’t limited to Tier 1. There are Tier 2 suppliers who provide components to the Tier 1 suppliers, Tier 3 suppliers for Tier 2, and on and on. Th
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