Bosch Says Business As Usual With GM; Co Intends To Keep Ties
02 Juni 2009 - 6:54PM
Dow Jones News
German supplier Robert Bosch GmbH said Tuesday it is operating
business as usual with General Motors Corp. (GM) after the U.S.
automaker filed for bankruptcy protection Monday.
"We are operating business as usual and shipping products. We
will monitor the situation closely and continue to communicate with
GM daily as it pursues restructuring," Bosch said in a
statement.
Bosch is listed in the bankruptcy filing as one of GM's major
creditors with a trade debt of $66.2 million.
"We expect that the bankruptcy process will allow GM to
reorganize its business to be more competitive in the global
automotive industry. Bosch's association with GM spans many decades
and we intend to continue that business relationship, offering a
broad range of technologies that meet GM's needs," Bosch added.
Company Web site: www.bosch.com
-By Christoph Rauwald and Erin Fines, Dow Jones Newswires; +49
69 29 725 512; christoph.rauwald@dowjones.com