A2: Auto Industry

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David Cole of the Ann Arbor-based Center for Automotive Research is interviewed for an article by McClatchy Newspapers about the failed auto industry bailout. Says Cole: “I’ve talked to several Toyota executives and they are very concerned. The supply base is so tightly woven that you can’t separate them at all. Failure would have a devastating impact on all regions but particularly the Midwest and South. Because of the tightly knit web of suppliers, a failure of a GM or Ford would take the supply base down for a considerable time and create an economic tsunami.” [Source]