Automotive parts suppliers yesterday warned of a wave of bankruptcies that "will be disruptive to every automaker worldwide" as they stepped up their call for a US government bail-out.
Many parts suppliers have been brought to the brink of failure by collapsing car sales and the shutdown of most of America's car plants in December and January. The industry is warning of a cash crunch from March 1 and seeking $25.5bn (€20bn, £17.4bn) of emergency aid, outlined in working documents submitted this week to the US Treasury.
