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Unsecured creditors of bankrupt auto-parts supplier Visteon Corp. want to probe the company’s claim that its Korean unit, Halla Climate Control Corp., cannot send more cash back to its parent company.

Tags: Asia, Auto Parts Supplier, bankrupt auto-parts supplier, Climate Control, Halla Climate Control Corp., Parent Company, Unsecured Creditors, Visteon, Visteon Corp

Unsecured creditors to bankrupt Visteon Corp. have asked a court to force the auto-parts supplier to provide documents about its reorganization plan, which they said leaves them “dramatically short-changed.”

Tags: Auto Parts Supplier, Reorganization Plan, Unsecured Creditors, Visteon, Visteon Corp

Geely, a preferred bidder for Ford Motor Co.’s Volvo unit, has signed up Johnson Controls as its global auto parts supplier. The companies will also cooperate in the clean energy sector, Geely said.

Tags: Auto Parts Supplier, China, Clean Energy, clean energy sector, Energy Sector, Ford, Ford Motor, Ford Motor Co., Geely, Global Auto, Johnson Controls, parts supplier, Preferred Bidder, Signs, Volvo

Geely, a preferred bidder for Ford Motor Co.’s Volvo unit, has signed up Johnson Controls as its global auto parts supplier. The companies will also cooperate in the clean energy sector, Geely said.

Tags: Auto Parts Supplier, China, Clean Energy, clean energy sector, Energy Sector, Ford, Ford Motor, Ford Motor Co., Geely, Global Auto, Johnson Controls, Preferred Bidder, Signs, Volvo

Dura Automotive Systems Inc. is looking at acquiring the assets of an Asian and a European auto parts supplier and will consider more opportunities as supplier valuations become cheaper, its CEO told Reuters today.

Tags: Assets, Auto Parts Supplier, Ceo, Consolidation, Dura, Dura Automotive Systems, Dura Automotive Systems Inc, European Auto, Reuters, Valuations

Bankrupt U.S. auto parts supplier Visteon Corp. said on Wednesday it is seeking approval for up to $150 million in debtor-in-possession financing from a group of its lenders.

Tags: Auto Parts Supplier, Debtor In Possession, Debtor In Possession Financing, Lenders, U S Auto, USD, Visteon, Visteon Corp

Auto-parts supplier Visteon Corp. narrowed losses and bolstered cash reserves during its first full quarter of bankruptcy protection. The third-quarter net loss of $38 million compares with a $188 million deficit in the same period in 2008.

Tags: Auto Parts Supplier, Bankruptcy Protection, Boosts, Cash Reserves, Losses, USD, Visteon, Visteon Corp

Auto-parts supplier Metaldyne Corp. has closed the court-supervised sale of most of its assets to a group of investors.

Tags: Assets, Auto Parts Supplier, Investors, Metaldyne, Metaldyne Corp

Auto-parts supplier Metaldyne Corp. today closed the court-supervised sale of most of its assets to a group of investors.

Tags: Assets, Auto Parts Supplier, Investors, Metaldyne, Metaldyne Corp

Aisin Seiki Co., the worldand#8217;s fifth-largest auto parts supplier, will sell part of its brakes business to Advics Co., a joint venture Aisin helped start with Toyota Motor Corp.

Tags: Advics, Aisin Seiki, Aisin Seiki Co, Auto Parts Supplier, Brakes, Joint Venture, Largest Auto, Sell Business, Toyota, Toyota Motor, Toyota Motor Corp

Magna International Inc. received a prestigious order from Daimler AG, its fifth-biggest customer, in a sign of faith that it would not pull business from the auto parts supplier despite its plan to take over Opel.

Tags: Amg, Auto Parts Supplier, Daimler Ag, Faith, Magna, Magna International, Magna International Inc, Opel

Auto-parts supplier Linamar Corp. won C$54.8 million ($50.7 million) in aid from Canada to help develop fuel-efficient automotive powertrains.

Tags: Auto Parts Supplier, CAD, Canada, Canada Green, Linamar Corp, USD

Auto-parts supplier Linamar Corp. won C$54.8 million ($50.7 million) in aid from Canada to help develop fuel-efficient automotive powertrains.

Tags: Auto Parts Supplier, CAD, Canada, Canada Green, Linamar Corp, USD

Bankrupt auto-parts supplier Visteon Corp. has walked away from its suite leases at Detroit-area sport venues.

Tags: Area Sport, Auto Parts Supplier, Detroit, Detroit Area, Leases, Luxury Suites, Sport Venues, Visteon, Visteon Corp

General Motors Co. said today that it will sell a majority stake in its Opel and Vauxhall operations to Canadian auto-parts supplier Magna International Inc.and Russia’s Sberbank.

Tags: Auto Parts Supplier, Canadian Auto, General Motors, Magna, Magna International, Magna International Inc, Majority Stake, Opel, Opel General Motors Co., Russia, Sberbank, Vauxhall

Auto parts supplier Lear Corp. filed its reorganization plan in bankruptcy court, moving ahead with a deal to restructure about $3.6 billion of its debt burden and possibly exit bankruptcy protection this year.

Tags: Auto Parts Supplier, Bankruptcy Court, Bankruptcy Protection, Debt Burden, Exit, Lear Corp, parts supplier, Plan Ahead, Reorganization Plan, USD

Auto parts supplier Lear Corp. filed its reorganization plan in bankruptcy court, moving ahead with a deal to restructure about $3.6 billion of its debt burden and possibly exit bankruptcy protection this year.

Tags: Auto Parts Supplier, Bankruptcy Court, Bankruptcy Protection, Bankruptcy Reorganization, Debt Burden, Exit, Lear Corp, parts supplier, Plan Ahead, Reorganization Plan, USD

Auto parts supplier Lear Corp. filed its reorganization plan in bankruptcy court, moving ahead with a deal to restructure about $3.6 billion of its debt burden and possibly exit bankruptcy protection this year.

Tags: Auto Parts Supplier, Bankruptcy Court, Bankruptcy Protection, Debt Burden, Exit, Lear Corp, parts supplier, Plan Ahead, Reorganization Plan, USD

A bankruptcy judge is likely to rule today whether auto parts supplier Delphi Corp. can go ahead with its plan to sell its assets to a group of lenders and bring an end to its near four-year bankruptcy case.

Tags: Assets, Auto Parts Supplier, Bankruptcy Case, Bankruptcy Judge, Delphi, Delphi Corp., Lenders

A group of hedge funds that provided bankruptcy funding to Delphi on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration.

Tags: Auction, Auto Parts Supplier, Bankruptcy, Bid, Delphi, Gm, Hedge Funds, Lenders, Obama administration, Platinum Group

The Canadian Auto Workers union said today its members voted in favor of new labor agreements with bankrupt auto parts supplier Lear Corp. in Kitchener and Ajax, both in Ontario.

Tags: Ajax Ontario, Auto Parts Supplier, Auto Workers Union, bankrupt auto-parts supplier, Canadian Auto Workers, Canadian Auto Workers Union, CAW, Kitchener, Labor Agreements, Lear Corp, New Auto, Ontario, Plants

Kuwait’s sovereign wealth fund, the Kuwait Investment Authority (KIA), denied today it was in talks to invest in German auto parts supplier Continental AG.

Tags: Auto Parts Supplier, Continental, Continental Ag, German Auto, Invest, Kia, Kuwait, Kuwait Fund, Kuwait Investment Authority

The Kuwaiti Investment Authority may be considering investing in German auto parts supplier Continental AG, German business weekly WirtschaftsWoche reported on Saturday.

Tags: Auto Parts Supplier, Continental, Continental Ag, German Auto, German Business, Investing, Investment Authority, Kuwait, Kuwaiti Investment Authority, Wirtschaftswoche

A U.S. bankruptcy judge today gave General Motors permission to buy several assets of bankrupt auto parts supplier Delphi Corp. as part of a deal with a private equity firm that could take Delphi out of bankruptcy.

Tags: Assets, Auto Part, Auto Parts Supplier, bankrupt auto-parts supplier, Bankruptcy Judge, Buy Auto, Court Approval, Delphi, Delphi Corp., General Motors, Gm, Private Equity Firm, United States

Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp., two people with knowledge of the matter said.

Tags: Assets, Auto Parts Supplier, bankrupt auto-parts supplier, Bid, Billionaire, Delphi, Delphi Corp., Investor, People, Wilbur Ross