The Chapter 11 bankruptcy filing by Chrysler, LLC and its affiliates, as well as General Motors' struggle to reach an out-of-court reorganization with its creditors, is likely to create a ripple effect that could cause all tiers of the automotive supply chain as well as businesses connected to the supply chain to stretch payables or seek their own bankruptcy protection.
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RegisterProtecting yourself from automotive industry reorganization efforts
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USA
May 6 2009
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Christopher R. Merritt
Legal Counsel
Safran USA Inc
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