Ajax Fasteners, the parts manufacturer that supplies specialist screws and clips to all four Australian car manufacturers has managed to stay in business until at least Friday.
Aussie Motoring reported back on August 12 that the company was on the brink of collapse and if it did go the consequences for Ford, Holden, Mitsubishi and Toyota would be dire. (You can read that report here).
Somehow the company managed to trade through Monday and Tuesday but workers on the first shift this morning reported to work with the expectation of being stood down. However overnight the four Australian car makers managed to cobble together a plan that will see Ajax Fasteners last until at least Friday.
Ajax Fasteners Manages to Survive For Another Week