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DETROIT — Wilbur Ross, the billionaire whose holdings include auto- parts companies, joined in a call for the U.S. government to provide insurance on loans backed by payments automakers owe to their suppliers.
Such insurance is the “most practical and immediate solution” to help suppliers get financing to continue a steady flow of parts to automakers such as General Motors Corp., Ross said in a letter to Treasury Secretary Timothy Geith ner and National Economic Council Director Lawrence Summers.
