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U.S. Ends Aid Program for Auto Suppliers

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"The Treasury Department has ended its year-old program to guarantee payments to auto suppliers, officials said Monday," according to the Detroit News. "The program was to ensure that General Motors and Chrysler received the parts and components they needed to manufacture vehicles, and to see that suppliers had access to credit from lenders. The program ended early this month without fanfare. The Treasury Department had signaled earlier this year that it planned to end it sometime in April."
SOURCE:   Detroit News

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