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Ford, GM Bail Out Australian Supplier
Ford and GM co-signed a $6.5 million loan in an effort to pull a key Australian parts supplier from the brink, Reuters says.
Crippled Australian Supplier Could Take GM And Ford Down
The demise of a large Australian auto parts supplier threatens to bring Australian units of Ford and GM to their knees as early as next week. Management is working feverishly on keeping the doors open, while complaining about “lack of support from key players in the industry,” Reuters says.
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