Two Japanese OE parts suppliers have reportedly applied for the US government’s USD5bn financial aid package aimed at helping struggling Tier-1s.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Kyodo reported that the two firms are Yazaki and Yorozu, citing anonymous sources.


The US scheme is aimed at shielding auto suppliers from financial damage in the event of Chapter 11 bankruptcy filings by GM and Chrysler. It guarantees their account receivables to the two carmakers with up to USD5bn in public funds.


Yazaki supplies GM and Chrysler with wire harnesses and indicators.


The Japanese maker applied for the US program regarding its account receivables to Chrysler and it is considering applying for those to GM, the sources said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Yorozu, which supplies GM with suspension parts, applied for the program regarding its accounts receivable to GM, the sources told Kyodo.


The US government launched the aid program in March and began accepting applications from auto suppliers in April, the report added.