auto supplier bailout


Half of all major U.S. suppliers said to be bankruptcy risks in 2009

A new study by consulting firm A.T. Kearney has found that more than half of all current automotive suppliers could file for bankruptcy protection in 2009, resulting in at least 1 million job losses. Even the most optimistic scenario would have 35% of all suppliers facing insolvency, and some projections suggest as many as 70% could face restructuring through bankruptcy. No specific names were mentioned, but these suppliers could range in size from small Tier 2 companies all the way to the largest of all Tier 1 suppliers. The $5 billion ... Read more →

GM to bypass Tier 1 and pay Tier 2 suppliers directly Jeremy Korzeniewski

Ever heard the saying, "It takes a village to raise a child?" Something similar could be said about the automotive industry, except the village is an assorted and wide-ranging group of auto suppliers ...

Half of all major U.S. suppliers said to be bankruptcy risks in 2009 8 months ago on Autoblog

A new study by consulting firm A.T. Kearney has found that more than half of all current automotive suppliers could file for bankruptcy protection in 2009, resulting in at least 1 million job losses. Even the most optimistic scenario would have 35% of all suppliers facing insolvency, and some ...

GM to bypass Tier 1 and pay Tier 2 suppliers directly 8 months ago on Autoblog

Ever heard the saying, "It takes a village to raise a child?" Something similar could be said about the automotive industry, except the village is an assorted and wide-ranging group of auto suppliers and the child is your next new car. Currently, the major automakers only deal directly with Tier 1 ...






Autoblog Podcast #155: 'Twas the night before LA...

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