Joe Brown made a submission recently to the Michigan Republican House Task Force on Jobs. While the whole thing is worth reading, this part was especially hard for me to read.
Joe Brown made a submission recently to the Michigan Republican House Task Force on Jobs. While the whole thing is worth reading, this part was especially hard for me to read.
We’re starting to see rumblings of the cascade failure I wrote about previously.
Suppliers may go bankrupt because of the bankruptcy filings above. Suppliers may hold off on shipping parts without assurances they aren’t going to lose money in the bankruptcy. Either action idles assembly plants, cutting off the cash flow the car company needs to emerge from bankruptcy.