DETROIT â Cutting off further government assistance to U.S. auto suppliers could trigger an industry purge, says Don Walker, co-CEO of global parts maker Magna International Inc. âThere is going to be a natural attrition in the supply base,â says Walker, whose Canada-based company has not received any U.S. aid. âSupport of parts shipped was the No.1 request. I think from now on, for the most part, it will be survival of the fittest.â In April, the Obama Admin. provided $5 billion to ...
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