Suppliers stand to lose hundreds of millions of dollars in the wake of planned production halts at Chrysler LLC and General Motors Corp. – moves that could cut more than 375,000 vehicles from second-quarter output schedules, according to a Ward’s forecast. The actions, sparked by Chrysler’s bankruptcy and GM’s push to remain solvent in the midst of an historic industry decline, could trigger shutdowns by other auto makers, consultants fear. “What this is turning into is a whiteout,” says ...
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