General Motors was capitalized by William C. Durant on September 16, as a holding company.
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Ignacio Lopez may have helped save General Motors from bankruptcy in the early s.
It was all about saving money — first for GM and then for Volkswagen Group. Lopez was a wizard at squeezing suppliers until they hurt. Harold Kutner, GM group vice president for worldwide purchasing from tosays many of the purchasing policies, methods and philosophies Lopez instituted are still in use.
When Smith was president of GM Europe in the late s, Lopez was head of GM purchasing there and turned the supply industry topsy-turvy by shredding contracts, demanding price cut after price cut and pressing for improved quality and just-in-time delivery.
GM was in dire straits, and Smith wanted the same results in North America.
But the celebration was short-lived. Lopez desperately wanted the Spanish factory because it would make him a hero in his homeland by bringing jobs and a revolutionary way of assembling cars. Lopez believed Smith and GM had reneged on a similar promise for a Spanish plant.
Just an hour before the press conference, Smith learned Lopez had bolted to VW. Embarrassed and clearly shaken, Smith faced the press with the humiliating news. In an interview with Automotive News inSmith stirred up the memories: GM filed a civil suit in Detroit accusing Lopez and VW of racketeering, fraud, stealing secrets and other misdeeds.
German prosecutors launched an investigation that included a raid on VW offices and the filing of criminal charges against Lopez and his associates. And Lopez was forced to leave VW.
Two years later, a federal grand jury in Detroit indicted Lopez on charges of stealing trade secrets, fraud and transportation of stolen documents. But Lopez successfully fought extradition to the United States. His Spanish lawyers argued that brain damage suffered in a automobile accident that left him in a coma for months had affected his memory and caused personality changes.
Instead, ambushed, shaken and embarrassed, he told reporters that Lopez was leaving. Although Lopez and his methods clearly changed the way the industry does business with its suppliers, some GM executives say the company has moved on. The program helped suppliers become leaner and more competitive, Kutner says.
The warriors went into hundreds of plants and conducted workshops to help suppliers identify and eliminate waste in their systems.
Kutner, who was director of materials management from until his promotion to vice president in change of worldwide purchasing, recalled the daily meetings of more than a dozen purchasing executives with representatives responsible for various regions on the world.
He cites several practices instituted under Lopez that are still used by GM, including: You can reach Diana T. Kurylko at dkurylko autonews.Apr 13, · Famed VW purchasing chief José Ignacio López de Arriortúa famously walked into a plant and repeatedly pointed at boxes of yet-to-be-used parts and yelled the word "capital.".
NNDB has added thousands of bibliographies for people, organizations, schools, and general topics, listing more than 50, books and , other kinds of references.
|Lopez moved from cost-cut hero to defector and alleged thief||Misappropriation of Trade Secrets|
|General Motors Corp. v. Ignacio Lopez De Arriortua, F. Supp. (E.D. Mich. ) :: Justia||Frankfurt attorney Juergen Taschke said in a statement that he "expects an indictment" later in November. Prosecutors in Frankfurt said the investigation of charges filed by General Motors Corp.|
|Fortune.com||This specifically what the Country Buggy has been designed for.|
|Coahuila - Wikipedia||Pinterest Email Dreams, lust, single-minded pursuit, blind ambition, thievery--the car world is hardly immune, and sometimes otherwise rational people succumb. Through the s, Lopez helped turn a steady stream of red ink at Opel into consistent profitability.|
|Dale H. Oliver||Automotive procurement organizations have been managing their suppliers in a systematic way for longer than their peers in most other industries. Companies like Toyota and Honda are regarded as among the very best in the world in terms of driving continuous improvement and forging close relationships with their most critical supply partners.|
They may be accessed by the "Bibliography" tab at the top of most pages, or via the "Related Topics" box in the sidebar. Please. Manufacturer price reduction pressure and supplier relations John W. Henke Jr, Ravi Parameswaran and R. Mohan Pisharodi School of Business Administration, Oakland University, Rochester, Michigan, USA.
José Ignacio López de Arriortúa (* Januar in Amorebieta, Spanien) ist ein spanischer Manager, der zunächst für Opel, später für General Motors (GM) und danach für die Volkswagen AG tätig war. From past to presesnt, Jose Ignacio Lopez de Arriotua's passage from General Motors to Volkswagen: March After earning a reputation as a tough cost-cutter as head of global purchasing at GM.
On November 29, , top Volkswagen official Jose Ignacio Lopez de Arriortua resigns from his job amidst accusations of racketeering and industrial espionage.
Lopez had risen through the ranks as.