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gm problems plastics
CorAl3000
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6-4-2009 11:23 AM
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business
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/999a76cd-ba5f-4f34-bdf0-6fd57be37b04/0B7ACAA0-1B89-42DF-A015-CCCD111D7F06/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.prw.com/subscriber/newsmail2.html?id=1243933616" href="http://www.prw.com/subscriber/newsmail2.html?id=1243933616" style="font-size: 11px;">www.prw.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.prw.com/subscriber/newsmail2.html?id=1243933616"><H1>GM owes millions to US plastics part suppliers </H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.prw.com/subscriber/newsmail2.html?id=1243933616"><P> Other plastics-oriented firms in the list include interiors moulder International Automotive Components of Dearborn, Mich., owed $12m, seat maker Lear of Southfield, Mich., with $44.8m in trade debt, interiors firm Johnson Controls of Plymouth, Mich., owed $32.8m and Visteon, based in the Detroit suburb of Van Buren Township, which filed for Chapter 11 protection with the US Bankruptcy Court in Wilmington Del., on May 27, and is owed $9.8m.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.prw.com/subscriber/newsmail2.html?id=1243933616"><P> Inteva Products, the former interiors unit of Delphi purchased out of bankruptcy by Renco Group in 2008, is also on the top 50 creditors list, owed $37.3m. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.prw.com/subscriber/newsmail2.html?id=1243933616"><P> Delphi, based in Troy, Mich., is itself already in bankruptcy. The one-time parts company within GM, which was spun off in the1990s, filed for bankruptcy protection in 2005 and is still seeking ways to emerge. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.prw.com/subscriber/newsmail2.html?id=1243933616"><P> Delphi makes a variety of parts for GM, including injection moulded air handling systems. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0B7ACAA0-1B89-42DF-A015-CCCD111D7F06/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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