Financial Times FT.com

Alarm over car suppliers’ health

By John Reed in London and Bernard Simon in Los Angeles

Published: November 20 2008 23:43 | Last updated: November 20 2008 23:43

Carmakers around the globe are raising the alarm about the declining health of US auto suppliers, whose problems they fear could ricochet back to hurt them.

Rating agencies are also warning about tightening credit conditions, falling orders, and the possible failure of a Detroit carmaker, which could bankrupt some auto suppliers and in turn hurt even relatively healthy carmakers’ businesses.

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