Getting your player ready...
WASHINGTON — The Treasury Department opened a $5 billion financing support program Wednesday to help auto suppliers keep parts flowing to General Motors Corp. and Chrysler LLC as the carmakers try to rebound with billions in government aid.
The program, first announced last month, will provide government guarantees for the financing of auto parts that have been shipped to the Detroit carmakers but have not yet been paid for. The funds will be made available from the government’s Troubled Assets Relief Program.
