Bankruptcy of GM, Chrysler would be supplier calamity

April 2009
Rubber & Plastics News;4/20/2009, Vol. 38 Issue 19, p8
Trade Publication
The article comments on the impact of the bankruptcy of U.S. automaker Chrysler Corp. and General Motors Corp. (GM) on automobile equipment suppliers. It is stated that most tier 1 suppliers would survive if either GM or Chrysler filed for Chapter 11 protection. It is noted that automotive suppliers would have a better chance of surviving a foray into Chapter 11 by GM or Chrysler.


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