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Worldwide bidding underway for GM Truck Engine Tooling.(Brief Article)
US General Motor Corps. has begun soliciting bids from suppliers on contracts for the complex equipment it will need for the second production module for its forthcoming new family of inline 6-, 5- and 4-cylinder truck engines.
Contrary to popular opinion, the move proves that GM doesn't think auction-style bidding for special-purpose machining system contracts is a thing of the past.
GM has established target prices for the boring, milling, drilling, tapping and turning machinery involved in the tooling program, and will carry out as many rounds of bidding with the suppliers as it feels necessary to obtain those prices.
GM, which has considered …
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Magazine article from: African Review of Business and Technology
Williams, Stephen
July 1, 2005
700+ words
