autoparts

As Detroit waits anxiously for the Obama administration to decide whether to grant more TARP funding to the ailing automakers, the White House today announced $5 billion in federal help for a related sector: the auto-parts suppliers who are struggling right alongside the Big Three. From The New York Times:
“The program will provide supply companies [...]

A few weeks ago, we ran a piece pointing out the disastrous trickle-down effect that the auto industry’s troubles have had on the companies that supply them with parts.
Today, The Washington Post reports that those auto-parts makers are now seeking their own federal bailout. From The Post:
Industry members have been discussing several options with the [...]