Afternoon Coffee: Airbus Asks Suppliers to Reduce Prices by 10%, Manufacturing Execs Optimistic At End of Year

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Airbus is asking the suppliers of its A320 jet to cut prices by at least 10% so the plane maker can increase efficiency and become more competitive. The move is part of Airbus’ overall plan to improve its procurement strategy.

Manufacturing company executives are expecting to end 2015 by bringing in more revenue than 2014, according to a new survey. The survey also showed 83% of executives expect to maintain or boost revenues in 2016.

Coca-Cola Co. will sell 9 US production plants to bottling partners between 2016 and 2018. The company announced last year it planned to shed the majority of US distribution business by the end of 2017.

Consumer sentiment took a hit this month as worries about the global economy increased. The University of Michigan’s consumer sentiment index dropped to 87.2 in September, the lowest level since October 2014 and down from the August reading of 91.9.

 

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