Quote:
Originally Posted by MotorCity
You get it!!!
I work for one of the companies you listed above and I can echoe every word in your post!!!
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GM, Ford, and Chrysler may only have 50% of the market, but they account for 70% of all the auto production in North America.
My neighbor works for Metaldyne. Metaldyne doesn't just supply the Detroit 3 and some of the non Detroit auto company USA plants. They supply
all of them. He's already said that despite refinancing their debt, if any of Metaldyne's accounts receiveables get tied up for even a week or two, because of a GM or other Detroit automaker bankruptcy, they run out of cash for payroll and to pay for raw materials inside of two weeks. Then every other automakers plants get no Metaldyne parts. Game over.