Australia’s domestic auto makers, along with several Tier 1 suppliers, reach an 11th hour agreement to prop up components’ supplier Ajax Engineered Fasteners, ending a crisis that threatened to halt car production. Ford Motor Co. of Australia Ltd., GM Holden Ltd. and Toyota Motor Corp. Australia Ltd., along with brake manufacturer PBR International Ltd. signed the 6-month, multimillion-dollar rescue pact after near non-stop talks. Mitsubishi Australia Ltd. also signed. The auto maker ...
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