Financial Sector Bailouts Affecting Chrysler? ::

September 17, 2008

Chrysler LLC Chief Executive Officer Bob Nardelli recently announced that his company may need to cut more jobs and trim additional costs should U.S. lawmakers fail to approve $25 billion in loans to help the auto industry development of fuel-efficient vehicles that meet standards outlined in the 2007 Energy Bill.

With the U.S. Government involved in high-profile interventions in financial enterprises such as Fannie Mae, Freddie Mac, Bear Stearns and AIG, it’s unclear whether such massive loan packages to Chrysler and the auto industry in general are politically or economically feasible.

Through Revere Relationships, users of Revere can identify 17 suppliers to Chrysler that may be materially affected by these developments. These suppliers include Lydall, Inc (NYSE:LDL) and Superior Industries International Inc. (NYSE:SUP), both with 13% exposure to Chrysler.

Sincerely,


Revere Research Team

 

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