Auto suppliers face more consolidation -Moody's


NEW YORK, May 27 (Reuters) - Chrysler LLC's bankruptcy may be more protracted than the U.S. government expects and could result in more failures among the company's supplier base, Moody's Investors Service said in new report. Though the Obama administration is attempting to contain fallout from Chrysler's bankruptcy and to provide a template if General Motors follows suit, both companies' restructurings will likely result in heightened consolidation among suppliers, with a number going out ...

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