Tuesday, June 02, 2009
Auto suppliers brace for uncertain summer
More coverage of suppliers, now from Detroit, where a lot of parts suppliers are, and where the press has clearly been thinking about this.
From the Detroit Free Press
A fragile automotive supply base will be tested even more as suppliers wait to see if they will be part of General Motors Corp.'s future after the company's historic bankruptcy filing.
Last week, local suppliers Visteon Corp. and Metaldyne Corp. filed for Chapter 11 protection. More are expected to follow [...]
[...] analysts say GM seemed as prepared as possible to deal with strains in the supplier industry as it headed into bankruptcy.
That includes paying suppliers last Thursday instead of today, when payments for parts shipped in April could have been caught up in the court process.
The Detroit News has also been writing about the economic impact. Under the headline
Michigan feels brunt of GM's bankruptcy, they write
Michigan's share of the total job loss: 42 percent. And that doesn't count the trickle-down impact on suppliers, stores, real estate and other segments of the state's economy.
From the Detroit Free Press
A fragile automotive supply base will be tested even more as suppliers wait to see if they will be part of General Motors Corp.'s future after the company's historic bankruptcy filing.
Last week, local suppliers Visteon Corp. and Metaldyne Corp. filed for Chapter 11 protection. More are expected to follow [...]
[...] analysts say GM seemed as prepared as possible to deal with strains in the supplier industry as it headed into bankruptcy.
That includes paying suppliers last Thursday instead of today, when payments for parts shipped in April could have been caught up in the court process.
The Detroit News has also been writing about the economic impact. Under the headline
Michigan feels brunt of GM's bankruptcy, they write
Michigan's share of the total job loss: 42 percent. And that doesn't count the trickle-down impact on suppliers, stores, real estate and other segments of the state's economy.
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Hi Micheal,
Our last UK van manufacturer is expected to go in to administration today, and there are fears over the GM owned Vauxhall car plant.
It is a dire time for the auto industry.
Our last UK van manufacturer is expected to go in to administration today, and there are fears over the GM owned Vauxhall car plant.
It is a dire time for the auto industry.
Great article which A fragile automotive supply base will be tested even more as suppliers wait to see if they will be part of General Motors Corp.'s future after the company's historic bankruptcy filing. Thanks a lot for posting.
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