Micro-Heat Inc.
After recalling nearly a million vehicles for a fire hazard in August 2008, General Motors turned its back on Micro-Heat Inc., the auto giant's supplier of the allegedly defective HotShot windshield cleaning system.
Two months later, Micro-Heat filed for Chapter 11 bankruptcy protection to allow the company to reorganize. Micro-Heat said GM was its largest customer, accounting for 98% of total sales. In the wake of the recall, GM halted payments it owed for products Micro-Heat delivered in July and August, creating a cash crunch for the small supplier.
Unable to recover from GM's sucker punch, Micro-Heat converted its filing the following month and liquidated all its assets.
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LAST UPDATE: Mar 23 2010 | 5:30 AM ET
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