Thousands of independently-owned auto parts makers provide 70 percent of a car model's value. The Obama administration plans to provide as much as $5 billion to first-tier suppliers to help stabilize the industry. Here's a general example illustrating how parts makers are inextricably linked.
SOURCE: Thomas Klier, senior economist of the Federal Reserve Bank of Chicago; Bureau of Labor Statistics | By Cristina Rivero - The Washington Post - March 20, 2009
Auto Parts Makers Get $5 Billion Lifeline Article | The Obama administration announced yesterday that it will provide $5 billion in financial aid to auto parts manufacturers, signaling the government's continued interest in propping up the domestic car industry and raising hopes that it will soon provide even more money.