General Motors Co (GM.N) narrowly avoided having to shut down some or all of its North American plants because of the failure of a small Massachusetts parts supplier when a U.S. Bankruptcy Court judge ruled on Wednesday that GM could retrieve the tooling and finished parts from the supplier, Clark-Cutler-McDermott, a court hearing showed.
CCM, a 105-year-old supplier of acoustical materials based in Franklin, Massachusetts, was the sole supplier of insulation and other sound-deadening materials to GM.
(Reporting by Paul Lienert in Detroit)
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Published Date: Jul 14, 2016 03:30 am | Updated Date: Jul 14, 2016 03:30 am