Connect with us

GM Might Be Forced To Stop Making Cars

(Credit: General Motors)

Car Manufacturer News

GM Might Be Forced To Stop Making Cars

GM Flint Assembly plant

GM Flint Assembly plant (Credit: General Motors)

Once again bankruptcy’s plaguing General Motors, only this time the automaker isn’t the one possibly going under. Instead, Clark-Cutler-McDermott Co is, one of GM’s big parts suppliers. If the situation doesn’t go well, General Motors might not be able to build any new cars in the United States for a while.

The situation’s changing quickly, but as of right now this is where it sits: GM tried lending money to CCM, but negotiations blew up. CCM filed for Chapter 11 and GM tried to acquire the company’s assets. Instead of just letting that happen, CCM wants to ditch its contract with GM and sell off all its assets, leaving GM high and dry.

While it’s true that not all parts for GM vehicles come from CCM, the ones that do are pretty critical. Nobody wants to ride in a new vehicle that’s not insulated because it’d be annoyingly loud, and that’s mostly what General Motors relies on the company for.

GM executives must be sweating bullets, and rightfully so. The company would probably lose tens of millions of dollars, maybe more, while it tracks down a new supplier and waits for parts.

CCM and GM have been working together for 45 years. So much for loyalty.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

More in Car Manufacturer News

SPONSORED

Newsletter

Get Our StoriesIn Your Inbox

Subscribe for our latest news, reviews, and lists.

Popular Stories

Recent Posts

Car Manufacturer News

BMW Spending Big Bucks on New EV

By Dec 14, 2018

Truck News

Ford Working on Baby Pickup

By Dec 14, 2018

Car Safety

Car Headlights Still Suck

By Dec 13, 2018

Car Safety

Volkswagen Has a New Scandal

By Dec 13, 2018
SPONSORED
To Top