BUSINESS
03/08/2009 05:12 am ET Updated May 25, 2011

Auto-Parts Suppliers Seek $25.5 Billion Bailout

U.S. auto-parts suppliers, struggling with losses as sales dwindle, may seek as much as $25.5 billion in government aid to prevent an industry collapse.

Three proposals for federal action could be used together or separately to shore up partsmakers, the Motor & Equipment Manufacturers Association trade group said today in a statement. A presentation to the Treasury Department this week spelled out amounts for each program that weren't given in the statement.

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