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> If GM went under, Johnson Controls goes under, and since they make every Toyota and Hyundai seat... Toyota et al. would bail out Johnson Controls. JC Penney

> If GM went under, Johnson Controls goes under, and since they make every Toyota and Hyundai seat... Toyota et al. would bail out Johnson Controls. JC Penney was as good as dead. It got bought by two major mall operators because mall tenants have clauses in their leases that would lower their rent if an anchor tenant leaves. It was cheaper for Brookfield and Simon to pickup JCP for scrap and run a minimally viable department store just to keep up rents (and hopefully foot traffic) for smaller tenants.

SV_BubbleTime 5y ago
Cool thought. Completely skips over the reality of 2008, and the auto industry though. Johnson was one example. I highly doubt Toyota or anyone could carry them at the time alone. What about ContinentalTevis? What about Bosch Automotive? Delphi? Packard? Amphenol? Yazaki? New Venture? Dana? Allison? Vector? ETAS? How about the literally thousands of suppliers that all make one or two things or exist only to certify this or that? This wasn’t just these companies but a large portion of Michigan, Ohio, Illinois. You missed the entire point of the interconnectedness of the automotive industry.