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GM exec: Weak dollar helps U.S. suppliers

By Dave Hannon -- Purchasing, 6/8/2007 10:47:00 AM

Bo Andersson, group vice president of purchasing and global supply, said in a recent interview that the weakness of the U.S. dollar abroad is driving more U.S. manufacturers to look at domestic suppliers.
"With a weaker U.S. dollar, the U.S. supply base is more competitive on a global basis," he told reporters after a panel discussion Thursday about GM's efforts to improve its relationship with suppliers.

In a separate report, Andersson said "Based on the dollar value today, I think that the U.S. is becoming very competitive” and the company would limit the increases of materials it sources from China. 

Under Andersson’s guidance, GM has made a concerted effort to improve its supplier relationships (see: GM strives for consistent metrics). And it’s paying off. A story in the Detroit Free Press quotes Ray Scott, Lear's president of the North American customer group as saying, "The priorities are aligned. It is a single voice driving the results."

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