DETROIT – (AP) General Motors said Thursday that it plans to sell its Nexteer Automotive steering and driveline operations subsidiary. GM acquired the business based in Saginaw, Mich., last year as part of the bankruptcy of auto parts supplier Delphi Corp. Delphi was once GM’
Also tagged acquired-the, acquired-the-business, bankruptcy, business-based, general, general-motors, last-year, mich-, steering-and, the-bankruptcy, year-as-partNEW YORK – (AP) Delphi Automotive LLP, which exited bankruptcy protection last month, said Wednesday that it has created a new board that will be led by former DuPont Chairman John Krol. The Troy, Mich., auto parts supplier has also tapped General Motors executive Gary Cowger for a
Also tagged a-new-board, cowger, delphi-automotive, general-motors, llp, mich-, supplier-has, which-exitedAP – A Delaware bankruptcy judge is weighing whether auto parts supplier Visteon Corp. can terminate retiree health care and life insurance benefits for thousands of current and former workers. Go here to see the original: Visteon judge to rule on cutting retiree benefits (AP)
Also tagged auto, bankruptcy-judge, benefits-for, care-and, current-and, cutting-retiree, former-workers-, original, rule-on-cutting, see-the, visteon-corp-, weighing-whetherNEW YORK – (AP) A bankruptcy judge on Thursday approved Delphi Corp. ’s plan to hand control of the big auto parts supplier to its lenders and soon end a nearly four-year stay under Chapter 11 protection. U.S. Judge Robert Drain said the plan is in the best interests of …
Also tagged a-nearly-four-year, best, chapter, delphi, delphi-corp-, its-lenders, judge-on-thursday, new, plan, said-the, the-best, the-big, thursday, yorkNEW YORK – (AP) A bankruptcy judge on Thursday approved Delphi Corp. ’s plan to hand control of the big auto parts supplier to its lenders and soon end a nearly four-year stay under Chapter 11 protection. U.S. Judge Robert Drain said the plan is in the best interests of both Delph
Also tagged and-soon, bankruptcy law center, best, chapter, delph, delphi, hand-control, judge-on-thursday, judge-robert, plan, said-the-plan, the-best, thursdayNEW YORK – (AP) A bankruptcy judge on Monday approved a deal that could shift some of auto parts supplier Delphi’s assets to General Motors Co., which emerged from bankruptcy protection last week. U.S. Judge Robert Gerber, who is overseeing the liquidation of Motors Liquidation Co.
Also tagged bankruptcy law center, bankruptcy-judge, delphi, from-bankruptcy, general-motors, judge-robert, monday, motors-liquidation, overseeing-the, protection-last, robert, yorkFRANKFURT – (AP) Negotiations for the sale of General Motors Corp.’s Opel to Canadian auto parts maker Magna International Inc. were progressing, a GM Europe spokeswoman said Wednesday, while confirming it had also received a bid from China’s Beijing Automotive Industry Corp
Also tagged bankruptcy law center, beijing, bid-from, china, corp-, for-the, general-motors, had-also, industry-corp-, saleNEW YORK (Reuters) – U.S. auto parts maker Lear Corp filed for Chapter 11 bankruptcy protection on Tuesday, a day after setting out plans to restructure its $3.6 billion debt burden under a proposed deal with creditors. Read more: U.S.
Also tagged 3-6-billion, a-day-after, a-proposed-deal, bankruptcy-protection, chapter, day-after, debt-burden, filed-for, files-for, new, protection-on-tuesday, tuesday, with-creditors-, yorkWILMINGTON, Del. – (AP) Auto-parts supplier Visteon Corp. says it is making good progress in obtaining the financing needed to see it through Chapter 11 bankruptcy
Also tagged attorney-for, buren, financing, financing-needed, making-good, mich-, obtaining-the, obtaining-the-financing, visteon-corp-NEW YORK – (AP) Visteon Corp., the top auto parts supplier and former subsidiary of Ford Motor Co., has filed for Chapter 11 bankruptcy protection as it struggles with a drop in sales to ailing automakers. Ford, which buys Visteon’s climate control, powertrain and
Also tagged ailing-automakers-, bankruptcy-protection, chapter, climate-control, former-subsidiary, has-filed, motor, new, struggles-with, supplier-and, the-top, visteon-corp-, which-buys, york