Auto parts suppliers The junkyard beckons

credit of the month

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The financial prospects of North American automotive parts suppliers came under pressure in March, as both General Motors Corporation and Ford Motor Company delivered disappointing news for a sector already squeezed by the pressures of high raw material costs and automakers’ demands to cut costs.

The month got off to a tricky start when Ford and General Motors both announced production cuts on the back of disappointing sales in February. General Motors plans to scale back second-quart

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