A Suppliers’ Guide to Innovation
As automotive suppliers continue to get hammered by price cuts, material cost increases, and competitors in low-cost countries, renewed attention is being focused on product and process innovation as a way to improve competitive positioning and profitability. So here we’ll look at the systems automotive suppliers need to implement if they want to consistently deliver on the innovation imperative.
2005 Automotive News Pace Award Finalists Named
More than 30 automotive suppliers have been named finalists in the 11th annual Automotive News PACE Award competition. Open to suppliers that contribute products, processes, materials or services directly to the manufacture of cars or trucks, the PACE (Premier Automotive Suppliers’ Contribution to Excellence) Award is presented by Automotive News, Capgemini and Transportation Research Center Inc. (TRC Inc.). Judges selected 23 finalists and 10 honorable mention awardees based on extensive written responses to the 2005 PACE Award application. Finalists will now host site visits by industry, academic and business leaders to select the winners, which will be announced in April during the Society of Automotive Engineers conference in Detroit. Judges will evaluate each company’s innovation as well as its management team.