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Author Topic: Auto parts makers get $5B bailout  (Read 353 times)

Bindare_Dundat

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Auto parts makers get $5B bailout
« on: March 19, 2009, 05:08:22 PM »
Treasury announces program to guarantee payments owed to suppliers by troubled automakers.

NEW YORK (CNNMoney.com) -- The Treasury Department announced a $5 billion program to help embattled U.S. auto parts makers, the latest attempt to stabilize problems in the nation's troubled auto sector.

The program will ensure that parts suppliers get the money owed to them for their products, no matter what happens to their automaker customers. Concerns about whether General Motors (GM, Fortune 500) or Chrysler LLC could be forced into bankruptcy are making it difficult for the parts makers to get loans they need to operate.

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Hereford

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Re: Auto parts makers get $5B bailout
« Reply #1 on: March 19, 2009, 05:34:29 PM »
I own a Ford. I demand to get bailed out of the constant repair bills that I am dealing with.
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Soul Crusher

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Re: Auto parts makers get $5B bailout
« Reply #2 on: March 21, 2009, 11:20:07 AM »
Quote from: Hereford on March 19, 2009, 05:34:29 PM
I own a Ford. I demand to get bailed out of the constant repair bills that I am dealing with.

Fix
Or
Repair
Daily
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