Long GM strike could hurt parts suppliers

Newswire

By Ben Klayman CHICAGO, Sept 24 (Reuters) - A strike at U.S. automaker General Motors Corp will hurt suppliers if it drags on, further battering an industry already suffering from shrinking sales and possible bankruptcies, analysts said. "It's definitely going to hurt people and the longer it lasts, the worse it's going to hurt," said Shelly Lombard, senior high-yield analyst with Gimme Credit, an independent research firm on corporate bonds. U.S. auto parts makers have been pressured ...

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