We all know that Asian car import has been the one of the big reasons for the fall of General Motors and Chrysler. By introducing competitive products and streamlined production methods, Japanese automakers like Toyota and Honda exposed the weaknesses of the old-fashioned production-line system used by U.S. automakers. Ironically two Japanese auto-part suppliers have been asking the US Treasury for some bailout funds set aside for auto suppliers.
Japan based Yazaki and Yorozu, with North American facilities in Michigan have been supplying to GM and Chrysler. The heavy reliance on the failing auto majors threatens to take down the suppliers.
Interestingly if these Japanese companies are successful in getting some funds, then they would be feeding at the same trough as the beleaguered automakers.
Funny note
GM & Chrysler says: Earlier few Japs hit us so bad that we are on some life line drug and now few Japs are feeding on our life line drug….. errrrrrrrrr………..
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