Quote:
Originally Posted by BigRigMike
I can't remember where I read this but it was stated that if an auto company goes bankrupt then all of the suppliers are going to want cash up front for parts which would lead to hemorrhaging cash at a faster rate than currently. Which means it might start out in CH 11 but unless someone loans them some money they will be out of cash and filing CH 7.
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All suppliers want and get cash up front for capital and materials. I am in the capital equipment industry that supplies to cpu makers and we get cash up front from the best of them.