The Japanese island of Kyushu has become known as "Car Island" due to the influx of not only assembly plants, but also plants run by various car parts suppliers of the Japanese domestic manufacturers. In fact, 30 percent of all suppliers shacked up on Kyushu are affiliated with Toyota.
Fitch Ratings announced yesterday that it has cut its ratings on Ford even further into junk status. The ratings firm cites the obvious elephant in the room as justification: the potential for parts suppliers to cause a disruption in manufacturing and the even larger threat of union strikes is growing by the day.
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