Auto parts makers prepped for possible GM, Ford collapse
"We've looked at it," said Don Walkers, the co-CEO of Magna International Inc., which designs and produces such products as seating and lighting systems. GM and Ford represent 22 and 16 percent of the company’s sales, respectively.
Tactics that parts makers say they would implement include forcing shorter payment times, decline new business, or sell receivables from troubled companies.
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[Source: Globe and Mail]
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