Auto parts suppliers The junkyard beckons

credit of the month


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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