Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain
Green Car Congress
MARCH 14, 2009
But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry.
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