03/28/2009 05:12 am ET | Updated May 25, 2011

Auto Industry Warns Of Collapse If Auto Suppliers Aren't Bailed Out

For months Washington has focused on saving Detroit's automakers. But now the auto industry says it could face a bottom-up collapse if the suppliers supporting these automakers don't receive federal aid starting next week.

"We're on the cusp of what could be cataclysmic," said Aaron Bragman, an auto analyst with IHS Global Insight.

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