Chrysler has warned that its suppliers are at risk of financial collapse within weeks or possibly even days. This is no surprise as liquidity is becoming a huge issue faced by many parts and accessories suppliers within the automotive industry. Day by day, as sales continue to hurt the Big Three, suppliers continue to struggle as production remains low.
Numerous suppliers have already expressed concern to Chrysler, and have notified the automaker that they were simply out of cash. With the restructuring of Chrysler, Collision Center Winchester hopes the automaker moves quickly to negotiate with suppliers to achieve acceptable payment terms.
With rampant production delays, not to mentioned dramatically reduced production due to decreased new car demand, Used Cars Richmond say suppliers have been hit hard, despite the Big Three themselves being at the forefront of the automotive industry’s struggles.
With consumers hanging on to their cars longer, and no longer needing new cars to replace ones in adequate working order, those auto parts suppliers doing business with the automakers are in a precarious situation according to one Used Car Dealer Chicago. Meanwhile, other auto parts and accessories suppliers such as the Toyota Accessories Store have found success dealing directly with consumers interested in putting money into their existing vehicles.
Unfortunately, as bankruptcy continues to loom for Chrysler and GM, Boston Used Car dealers warm that the suppliers may face additional bankruptcy risks themselves until cash begins to flow again. That may unfortunately take some time.
Volvo Dives into Plug-in Hybrid Technology
Volvo has been struggling amid slumping global sales, but that hasn’t stopped the automaker from diving into research and development. One such as product of its R&D efforts is a new plug-in hybrid that will be due by 2012. Volvo has committed itself to producing a high mileage diesel-electric plug-in hybrid, but it has yet to confirm its plans to sell the vehicle in the U.S.
Lexus ES Still Critical to Luxury Brand Lineup
As one Lexus’ most popular models, there will be plenty of drivers that will be happy to see a revamped Lexus ES 350 coming to showrooms later this month. While it may not be a full redesign, the updating certainly brings needed enhancements.
Euro Civic Type-R Teases U.S. Consumers
In the U.S., Honda is mostly known for producing somewhat conservative, economical cars. However, the image of Honda outside of the States is far more performance oriented. This is attributed to a range of models that can be had overseas, but remain unavailable here.
