FRANKFURT -- DaimlerChrysler does not expect to have to give financial support to other ailing car parts suppliers to the same degree as with Collins & Aikman, the carmaker said on Wednesday.
"I have no knowledge of any other supplier which is in such kind of trouble as Collins & Aikman," CFO Bodo Uebber told a conference call.
Along with other customers, Daimler agreed in June 2005 to provide unsecured bridge financing to Collins & Aikman in order to avoid supply disruptions.
Daimler's portion in the third quarter amounted to $70 million, and it has agreed to provide and additional $40 million in the fourth quarter this year as will as a further $70 million in support in 2006.
"I don't want to bother you with problems of I don't know one million or half a million. But there's no other supplier within DaimlerChrysler where we have this kind of problems," Uebber continued.