Ford: Chrysler bankruptcy won't harm business
Ford Motor Co. says it doesn't expect to experience disruptions in its supply chain due to Chrysler's bankruptcy filing.
The Dearborn, Mich.-based company is the only U.S. automaker operating without government loans. Ford says it is monitoring the situation, and while it hopes Chrysler's bankruptcy will be quick, it is making contingency plans should problems arise in the supply chain.
Ford says Chrysler's filing won't affect its own restructuring plans, which have the automaker cutting debt and labor costs.
Ford says it has had discussions with President Obama's auto task force related to the auto industry's supply chain, where a single supplier is likely to sell parts to several manufacturers.
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