"The automotive supply chain is incredibly resilient, but a strike lasting more than several weeks will likely cause some suppliers to seek bankruptcy protection," said Ann Marie Uetz, a partner at Foley & Lardner.
September 15, 2023 at 06:53 AM
4 minute read
The United Auto Workers’ strike against the Detroit 3 automakers will pose an extraordinary test for the nation’s more than 5,600 automotive suppliers, some of which have just gotten back on their feet after weathering COVID-19 production slowdowns.
Counsel for the suppliers have been imploring them for months to shore up liquidity and review contracts with customers and subsuppliers to brace for a strike that they all hoped would not come to pass.
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