GM seeks to seize tooling from bankrupt supplier

Newswire

DETROIT, June 30 (Reuters) - General Motors Corp has asked for court approval to seize tools from bankrupt auto parts maker Progressive Molded Products Inc, citing a potential for supply disruptions that could force the carmaker to shut its assembly lines. Progressive, which filed for bankruptcy protection in Delaware on June 20, may not be able to maintain operations after Monday, GM said in court documents seeking authority to take tools. The privately held Ontario, Canada-based ...

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