Fearing for Suppliers, German Automakers Push Merkel to Reopen

German Chancellor Angela Merkel and executives at Germany's automakers are pondering when and how to restart automotive production, amid fears that some key suppliers may not have the cash to wait out the coronavirus pandemic. 

Germany's Handelsblatt business newspaper reported on Thursday that the CEOs of Volkswagen (OTC: VWAGY), Daimler (OTC: DMLRY), and BMW (OTC: BMWYY) (OTC: BAMXF) held a conference call with Merkel on Wednesday night to discuss potential plans.

The immediate problem: While the German automakers all have adequate liquidity to survive for a while, some of the industry's suppliers will be in danger of failing if factories aren't reopened soon.

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Source Fool.com