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It could well be a long, hot summer for auto-parts suppliers.
Sure, General Motors'(GM Quote) bankruptcy, made official Monday morning, had been expected for weeks. And, yes, the federal government extended a $5 billion TARP lifeline to parts makers back in March, promising to help Chrysler and GM pay their suppliers bills.
But like seemingly everything else during this financial crisis and recession, survival for auto-parts makers will come down to balance sheets. ...
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