Chrysler suppliers to get revised terms, conditions in contracts

Says Don Knott, Sr VP of purchasing and supplier quality at Chrysler

New terms helping automaker repair frayed relations

Revised terms will add review board for supplier grievances

Chrysler could drop supplier w/ hardly any reason in past

New terms designed to improve contract stability

Chrysler also working on consolidating suppliers as it shares platforms w/ Fiat

Chrysler moving away from increasing purchases from low-cost countries

"It used to be I could pull the trigger at the last minute [because] I didn't like the way you look." -- Dan Knott, Sr. VP purchasing and supplier quality, Chrysler

"I will not have a low-cost country sourcing objective or a supplier consolidation objective." -- Knott