On the Brink of Bankruptcy, U.S. Auto-Parts Companies Seek Bailout
Jan 27th, 2009 | By Jason Simpkins | Category: Financial NewsU.S. companies that make and supply auto-parts to major carmakers are pleading for a bailout from Washington, as many are now on the verge of declaring bankruptcy. Auto-parts companies may seek between $10 billion and $12 billion in cash and guarantees from the federal government as soon as this week.