Now that the Geithner GM plan to “take” the “good” GM assets has been brute forced through the bankruptcy courts, the companies owed money by the now worthless “Bad” GM will start all falling over. J.L. French makes aluminum components for all of the “big 3”.
The account in the Detroit Free Press mentions that American Axle, another automotives parts suppplier in Detroit will also probably have to file bankruptcy. And the dominoes keep falling… along with the TOTUS…
It’s kind of hard to make cars without the parts.
Tags: American Axle, bankruptcy, Detroit, Geithner