Nightmare for suppliers

Henderson, Tom; Shea, Bill; Automotive News
May 2009
Crain's Detroit Business;5/4/2009, Vol. 25 Issue 18, p1
The article reports that Detroit, Michigan-based automobile manufacturer Chrysler Corp. has filed for Chapter 11 bankruptcy protection on April 30, 2009. The company has decided to shut down its plants during bankruptcy. The company's decision of plant closure came at a time when the automobile suppliers have witnessed decline in revenues.


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