Auto suppliers are meeting with the Obama auto task force today, seeking up to another $10 billion in emergency aid. But administration officials haven't changed the view on additional aid to the struggling parts industry.
"The aid provided to suppliers in March addressed only a finite set of issues," said Bob McKenna, president and CEO of the Motor Equipment & Manufacturers Association, which is scheduled to meet with the task force at 5 p.m. today. "The crisis suppliers are facing has only grown worse since that time, and the industry remains on the verge of collapse."
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