Auto-Parts Suppliers Reportedly Face Credit Crunch
RENEE MONTAGNE, host:
Turning now to another industry in crises, auto executives were at the White House yesterday. They were talking to administration officials about the financial troubles faced by those who supply parts for their cars. The talks were reported in the Wall Street Journal. The Journal says lenders are increasingly refusing to extend credit to parts suppliers who do much of their business with the Big Three automakers. Suppliers say a million jobs are at risk. Earlier this month, the suppliers submitted their own rescue plan to the government.
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