Spillane Quoted on GM Automotive Parts Suppliers

14 May 2009 Detroit Free Press News

Foley Partner Thomas Spillane was quoted in an article titled “GM nears brink, pays parts firms before 6/1” in the May 14, 2009 issue of the Detroit Free Press. Spillane speaks on General Motors Corp.’s payments to parts suppliers prior to a June 1, 2009 deadline for GM to restructure its debt, adding that the payments provide suppliers with much needed cash as they struggle through significant volume reductions.

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