Elm Analytics - Automotive Supply Chain Risk Digest #145 - November 15 - 21, 2019
automotive-risk-digest.elmanalytics.com
BANKRUPTCY Detroit's Sakthi USA will likely liquidate its assets and shutter operations. Disputes between Sakthi's owners and management led to lawsuits and the loss of business from its primary customer, GM. The Detroit plant that produced knuckle and steering arms lost nearly $1M per week during May - July 2019 and is now in receivership.
Elm Analytics - Automotive Supply Chain Risk Digest #145 - November 15 - 21, 2019
Elm Analytics - Automotive Supply Chain Risk…
Elm Analytics - Automotive Supply Chain Risk Digest #145 - November 15 - 21, 2019
BANKRUPTCY Detroit's Sakthi USA will likely liquidate its assets and shutter operations. Disputes between Sakthi's owners and management led to lawsuits and the loss of business from its primary customer, GM. The Detroit plant that produced knuckle and steering arms lost nearly $1M per week during May - July 2019 and is now in receivership.