Last month the Treasury had allocated 3

The filing of General Motors stock is lived with great apprehension among its suppliers who deliver some 70 of the components required for Assembly of its vehicles. GM has having unblocked them some $ 2 billion in advance, just before its bankruptcy Monday formalized, and swear that they will continue to be paid normally as "critical suppliers", many subcontractors crossing fingers that bankruptcy lasts more than the period announced by Barack Obama, either of two to three months. On a total of 1,500 suppliers, 300 key deliver 80 of spare parts or modules purchased on a daily basis, and may pay dearly dependence to the Detroit giant.

On the list of creditors provided Monday to the New York bankruptcy court, figure the gotha equipment suppliers: Delphi, German Bosch, Lear, Johnson Controls, the Japanese Denso, TRW Automotive, the Canadian Magna, buyer Opel, to mention only the main.

The situation is even more poorly experienced that, often, these OEMs also work for Chrysler, which has closed its factories for several weeks, declaring bankruptcy April 30. Such is the case of American Axle, for example. Some are to suspend their deliveries as long as they will not have the certainty to be paid. Last month, the Treasury had allocated $ 3.5 billion to Chrysler and GM to continue to pay their suppliers. The Governor of Michigan, Jennifer Granholm, requested that further 8 billion are allocated. In Chapter 11 of GM is that an episode more of a broad retreat. In recent years, GM has multiplied as never purchases in the low cost countries (China, India), forcing suppliers to take this route. Then, it has decreased in proportions never views its vehicle production in North America ( 58 in the first quarter), undermining the volume of business with its partners. Finally, notified them on 23 April of its intent to close its U.S. plants for nine weeks this summer, still somewhat reducing its commands. At the time, some manufacturers are forced to restructure their debts, such as Lear, while others prepare their implementation under the protection of Chapter 11. Visteon (very related to Ford) and Metaldyne taken the step last week, bringing to more than 40 the number of suppliers with bankrupt since the beginning of the year, according to the Motor & Equipment Manufacturers Association. These are smaller, the less capitalized, who run the greatest risk of extinction.

133 companies in the Japan

The collapse of GM may also cost dearly Suzuki Motor. The fourth Japanese manufacturer could lose in the case of EUR 225 million. The injury, said yesterday the group, could be forced to review its results for 2009-2010 forecasts, but does not call for both question its cooperation with the American giant.

Nothing to Japan, 133 companies, 102 direct suppliers of General Motors, fear for their financial health, according to the nippon Institute Teikoku Databank, specialist in issues related to bankruptcy. "Almost half of these companies are OEMs and 18 suppliers of means of production", says the study. General Motors with a joint company with Toyota in California, some actors such as Denso are concerned. About 30 Japanese companies dealing with GM or Chrysler have at the moment reports of claims, without specifying the amount. It including of Bridgestone (tires), Mitsubishi Electric (electronics and industrial automation) or even Alpine (radionavigation systems).