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Podcast: IEN Radio
Episode: Insolvent Supplier Headed for Shutdown After GM Jumps Sinking Ship
Description: When Sakthi Automotive Group USA first opened its doors in 2014, it was to major fanfare. The first new auto supplier to open up in the Detroit area in ten years, this Indian-owned company built a flourishing campus producing knuckles and tooling arms for several major OEM clients.But the success story didn’t end there. Sakhti was lauded for hiring practices that gave priority to Detroit residents and even offered jobs to more than 200 parolees looking for a second chance. It was estimated that, by 2020, Sakthi would have invested $100 million into the Detroit area.But al...