by Save the Rustbelt
A Big 3 update
What I Learned Over Morning Coffee in Michigan…..
My original theory was this:
1) Big 3 file Chapter 11,
2) Big parts suppliers file and some shutdown
Now I may have to revise this theory to:
1) Big parts suppliers collapse for lack of credit
2) Some or all of Big 3 cannot manufacture
3) Big 3 file Chapter 1
In the past the Big 3 would advance cash to keep the suppliers in business, but that is unlikely now.
Sales continue to plummet. The end is very, very near. The avalanche is gaining momentum.
Just-in-time inventory makes almost every vendor a critical vendor. Ouch.
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by Save the Rustbelt
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