The Windsor Star recently published a report on how tool makers and mouldmakers in Ontario have grown nervous about taking on new work and being paid by Detroit’s Big Three auto makers. According to the article, parts makers were told last week that new contracts will no longer be insured by Export Development Canada if they supply Chrysler. And Ford and GM are also being watched by the Canadian agency. The agency insures $33 million worth of contracts with Chrysler and $230 with GM and Ford.
Some manufacturers are worried that if they don’t get their contract insured, they will be “wiped out” if one of the automakers goes bankrupt. Not surprisingly, …
Suppliers to Detroit’s Big Three Are Nervous
The Windsor Star recently published a report on how tool makers and mouldmakers in Ontario have grown nervous about taking on new work and being paid by Detroit’s Big Three auto makers. According to the article, parts makers were told last week that new contracts will no longer be insured by Export Development Canada if they supply Chrysler. And Ford and GM are also being watched by the Canadian agency. The agency insures $33 million worth of contracts with Chrysler and $230 with GM and Ford.
Some manufacturers are worried that if they don’t get their contract insured, they will be “wiped out” if one of the automakers goes bankrupt. Not surprisingly, …
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- Filed In: Free, News, Subscriber Only, Top Distributor Sectors
About the Author
Lindsay Young
Lindsay Young is the president of 3 Aspens Media, a B2B content strategy and marketing content firm that works with distributors to translate their offline expertise – online. She has more than 20 years of experience leading and producing online and print content for publications and businesses. She leads a team of 12 writers, client success managers, designers, marketing specialists and strategists to produce content that helps companies translate their benefits to key decision-makers. She was previously the editor of Modern Distribution Management.
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