With global auto production still in a slump and two of the U.S. automakers in bankruptcy protection, it wasn't a big surprise that the second quarter was another tough one for auto suppliers.
auto suppliersAuto suppliers to seek billions more in gov't aidNewsvine - business Tue, 06/09/2009 - 16:00
Automotive parts suppliers plan to seek an additional $8 billion to $10 billion in loan guarantees to help them weather a bleak auto sales environment and the bankruptcy court restructuring of major customers GM and Chrysler. Detroit’s Woes Wound an Army of SuppliersNYT > Business Tue, 06/02/2009 - 20:37
Auto suppliers, which employ more workers than the car companies themselves, find their fortunes directly tied, for better or worse, to the automakers. US auto recovery czar asked to help auto suppliersNewsvine - business Tue, 05/26/2009 - 12:30
Michigan officials are asking the White House to help auto suppliers survive a "critical" 60-to-90-day period following a possible Chapter 11 filing by General Motors Corp. Aid Program Begins for Auto SuppliersNYT > Business Wed, 04/08/2009 - 10:43
General Motors and Chrysler have started financing support programs for auto suppliers backed by $5 billion in government funds, the Treasury Department said. |
