Saturday, February 27, 2010

Auto suppliers urge Congress to boost access to credit

The Detroit News reports:
The nation's auto suppliers again asked Congress on Friday for greater access to credit.

For more than a year, the Motor & Equipment Manufacturers Association has been seeking access to federal government loans to diversify and stabilize their businesses.

Wes Smith, who is president of E&E Manufacturing in Plymouth, urged the House committees on Financial Services and Small Business to help them get credit.


There's more:
Auto suppliers warn that after more than 50 bankruptcies in 2009 and up to 200 simply closing their doors, this year could be even worse.


Unless John Dingell is able to loot taxpayers from across the country.