Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain
Green Car Congress
MARCH 14, 2009
Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. The liquidity crisis in the supply base was set in motion by sharp production cuts at the automakers, but it has been exacerbated by the lack of credit available from banks and other lenders.
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