GM, Chrysler launch supplier support
Thursday, April 9, 2009 : PermalinkTraverse City Record Eagle – General Motors and Chrysler, which have received $17.4 billion in federal aid and face upcoming deadlines to restructure their companies, will designate the auto parts suppliers that need the financing, giving them a large role in determining which suppliers will survive. Ford Motor Co., which has not sought the government aid, has said it does not intend to use the program.
The White House sent a team of 15 people to Detroit on Wednesday to work with GM over the next two weeks to accelerate the restructuring process, an administration official said.
Tags: administration official, auto parts suppliers, chrysler, city record eagle, ford, ford motor, ford motor co, general-motors, gm, government aid, restructuring, traverse city record eagle, white house
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