In the US the car manufacturing sector has been the primary focus of government spending initiatives and bail outs, but experts warn that we should not overlook their suppliers.
While manufacturers like Chrysler and GM will be receiving tens of billions of dollars of aid it is claimed we should not ignore the fact that they, like more stable companies, such as Toyota (TM), Ford (F), and Honda (HMC), depend on the flourishing of their suppliers.
This is why car parts firms have similarly requested $10 billions from the Administration to stave off future financial trouble.
Quite simply, as highlighted by Douglas A. McIntyre: “Cars that aren’t built can’t be sold” “A crippled parts industry means a crippled auto sector.”
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