AutoNews247.com

Automotive wheel maker Hayes Lemmerz International Inc. exited Chapter 11 bankruptcy after slashing its debt and costs to better match declines in auto production.

Tags: Auto Production, Chapter 11 Bankruptcy, Declines, Hayes Lemmerz, Hayes Lemmerz International, Hayes Lemmerz International Inc, Wheel, Wheel Maker

Automotive wheel maker Hayes Lemmerz International Inc. exited Chapter 11 bankruptcy after slashing its debt and costs to better match declines in auto production.

Tags: Auto Production, Chapter 11 Bankruptcy, Declines, Hayes Lemmerz, Hayes Lemmerz International, Hayes Lemmerz International Inc, Wheel, Wheel Maker

Mark IV Industries Inc. emerged from Chapter 11 bankruptcy reorganization today, the supplier said in a statement. The Amherst, N.Y., company exited Chapter 11 after securing nearly $200 million in financing.

Tags: Amherst, Bankruptcy Reorganization, Chapter 11 Bankruptcy, Leaves, Mark Iv Industries, Mark Iv Industries Inc, New York, USD, Y Company

Plastic parts supplier Michael Day Enterprises Inc. has filed for Chapter 11 bankruptcy protection, and expects to be sold to Italy’s Radici Group for $5.7 million, unless another buyer comes forward in the next 60 days.

Tags: Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Day Enterprises Inc, Italy, Michael Day Enterprises Inc., Ohio, parts supplier, Radici Group, USD

Supplier Lear Corp. swung into the black during the third quarter, much of which it spent reorganizing under Chapter 11 bankruptcy protection. Lear posted net income of $24.6 million on revenue of $2.5 billion.

Tags: 6 Million, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Lear, Lear Corp, Net Income, Q3, Supplier Lear Corp., USD

Lear Corp. emerged from Chapter 11 bankruptcy today under the ownership of its secured lenders and bondholders after four months under court protection.

Tags: Advance Work, Bondholders, Chapter 11 Bankruptcy, Exit, Four Months, Lear Corp, Lenders

Lear Corp. today received approval for its Chapter 11 bankruptcy reorganization plan from the U.S. Bankruptcy Court in New York, nearly four months after the company filed for protection.

Tags: Bankruptcy Court, Bankruptcy Reorganization, Chapter 11 Bankruptcy, Court Approval, Four Months, Lear Corp, New York, Reorganization Plan, U.S. Bankruptcy Court, Wins

Supplier Recticel Interiors North America LLC has filed for Chapter 11 bankruptcy protection as it attempts to revamp two money-losing contracts worth about 80 percent of its annual revenue.

Tags: America Llc, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Chapter 11 Supplier Recticel Interiors North America LLC, Contracts, Money, North America, Recticel

Belgian foam maker Recticel said today that two of its U.S. subsidiaries filed for Chapter 11 bankruptcy protection from creditors due to the crisis in the U.S. automotive market.

Tags: Automotive Market, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Creditors, File Bankruptcy, foam maker, Recticel, Subsidiaries, United States

Belgian foam maker Recticel said today that two of its U.S. subsidiaries filed for Chapter 11 bankruptcy protection from creditors due to the crisis in the U.S. automotive market.

Tags: Automotive Market, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Creditors, foam maker, Recticel, Subsidiaries, United States

Delphi Corp.’s Global Steering Division on Tuesday became Nexteer Automotive as General Motors Co. took over the business following Delphi’s emergence from four years of Chapter 11 bankruptcy protection, Delphi Steering said in a statement.

Tags: Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Delphi, Delphi Automotive, Delphi Corp., Emergence, General Motors, General Motors Co., Gm, Gm Delphi, GM Delphi Corp.

Delphi Corp.’s Global Steering Division will become Nexteer Automotive when General Motors Co. takes over the business upon Delphi’s emergence from Chapter 11 bankruptcy, Delphi Steering said today.

Tags: Chapter 11 Bankruptcy, Delphi, Delphi Automotive, Delphi Corp., Emergence, General Motors, Gm, Gm Delphi

Delphi Corp.’s Global Steering Division is becoming Nexteer Automotive as General Motors Co. takes over the business following Delphi’s emergence from four years of Chapter 11 bankruptcy protection today, Delphi Steering said in a statement.

Tags: Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Delphi, Delphi Automotive, Delphi Corp., Emergence, General Motors, Gm, Gm Delphi

Delphi Corp.’s Global Steering Division is becoming Nexteer Automotive as General Motors Co. takes over the business following Delphi’s emergence from four years of Chapter 11 bankruptcy protection today, Delphi Steering said in a statement.

Tags: Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Delphi, Delphi Automotive, Delphi Corp., Emergence, General Motors, General Motors Co., Gm, Gm Delphi, GM Delphi Corp.

Delphi Corp., the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, is preparing to leave Chapter 11 bankruptcy today after four years of court protection.

Tags: Automaker, Bankruptcy Court, Chapter 11 Bankruptcy, Delphi, Delphi Corp., General Motors, Multibillion Dollar

Delphi Corp., the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, is preparing to leave Chapter 11 bankruptcy today after four years of court protection.

Tags: Automaker, Bankruptcy Court, Chapter 11 Bankruptcy, Delphi, Delphi Corp., General Motors, Multibillion Dollar

Delphi Corp., the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, is preparing to leave Chapter 11 bankruptcy today after four years of court protection.

Tags: Automaker, Bankruptcy Court, Chapter 11 Bankruptcy, Delphi, Delphi Corp., General Motors, Multibillion Dollar

Delphi, the former parts unit of General Motors that became a multibillion-dollar liability to the automaker, today emerged from Chapter 11 bankruptcy after four years of court protection.

Tags: Bankruptcy Court, Bankruptcy Protection, Chapter 11 Bankruptcy, Delphi, General Motors, Multibillion Dollar

Suburban Detroit auto supplier FormTech Industries LLC filed for Chapter 11 bankruptcy protection late Wednesday and plans to sell its assets to a private equity-owned forged products holding company.

Tags: Assets, Auto Supplier, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Detroit, Detroit Auto, Formtech Industries, FormTech Industries LLC, Holding Company, Llc, Private Equity, Suburban Detroit

Suburban Detroit auto supplier FormTech Industries LLC filed for Chapter 11 bankruptcy protection late Wednesday and plans to sell its assets to a private equity-owned forged products holding company.

Tags: Assets, Auto Supplier, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Detroit, Detroit Auto, Formtech Industries, FormTech Industries LLC, Holding Company, Llc, Private Equity, Suburban Detroit

Suburban Detroit auto supplier FormTech Industries LLC filed for Chapter 11 bankruptcy protection late Wednesday and plans to sell its assets to a private equity-owned forged products holding company.

Tags: Assets, Auto Supplier, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Detroit, Detroit Auto, Formtech Industries, FormTech Industries LLC, Holding Company, Llc, Private Equity, Suburban Detroit

Supplier Cooper-Standard Holdings Inc. filed for Chapter 11 bankruptcy protection today, saying it could not repay its debt amid a drop in U.S. auto sales.

Tags: Auto Sales, Chapter 11 Bankruptcy, Chapter 11 Bankruptcy Protection, Cooper Standard, Supplier Cooper-Standard Holdings Inc., U S Auto, United States

General Motors Co., in its final round of senior executive shake-ups following its July 10 exit from Chapter 11 bankruptcy, today named Mark Reuss as vice president of global vehicle engineering.

Tags: Chapter 11 Bankruptcy, General Motors, General Motors Co., Global Engineering, Gm, Gm Motors, Koerner, Mark Reuss, Queen, Ups, Vehicle Engineering, Vice President

The U.S. trustee overseeing Visteon Corp.’s Chapter 11 bankruptcy case, the committee representing unsecured creditors, and General Motors have joined Ford Motor Co. in objecting to Visteon’s proposed bonus programs.

Tags: Bankruptcy Case, Bonus Program, Bonus Programs, Chapter 11 Bankruptcy, Ford, Ford Motor, Ford Motor Co., General Motors, Objections, Trustee, United States, Unsecured Creditors, Visteon, Visteon Corp

The U.S. trustee overseeing Visteon Corp.’s Chapter 11 bankruptcy case, the committee representing unsecured creditors, and General Motors have joined Ford Motor Co. in objecting to Visteon’s proposed bonus programs.

Tags: Bankruptcy Case, Bonus Programs, Chapter 11 Bankruptcy, Ford, Ford Motor, Ford Motor Co., General Motors, Objections, Proposal, Trustee, Unsecured Creditors, Visteon, Visteon Corp