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Byline: Kurt Nagl A Livonia-based supplier of wheels for semitrucks and passenger cars has filed for bankruptcy with $486 million of debt as it seeks to exit an unprofitable General [...]

Byline: Graeme Roberts South Korea's largest automotive components manufacturer, Hyundai Mobis, said it was restructuring some of its operations to improve efficiency and strengthen long term planning, according to local [...]

Byline: Kurt Nagl A Walled Lake-based supplier of tube assemblies and transmission parts including on the Corvette has filed for Chapter 11 bankruptcy protection after an ill-fated deal struck just [...]

Byline: David Leggett Hyundai Mobis is considering a restructure that would separate parts of its business into new and wholly owned units in an effort to enhance their efficiency. Such [...]

When auto-parts maker Dana Corp. was near collapse, restructuring professionals entered the scene and effected a comprehensive reorganization of Dana's global business. They facilitated negotiations between various stakeholder groups and [...]

At the recent Reuters Autos Summit in Detroit, particit pants predicted more consolidation amid fewer 'mega-mergers.'' The international news agency cited a ''deep buyer's market of plants and other facilities [...]

The National Highway Traffic Safety Administration's ruling on the controversial Tire Pressure Monitoring System is discussed. The regulations were declared as contrary to law and capricious. The status of the contract talks between Good year Tire & Rubber Co. and the United Steelworks of America (USWA), the closure of Titan International's Brownville, Texas tire plant, and the Tire Industry Association's training program plans are also discussed.

After nearly 40 years of business, Motorcar Parts of America (MPA) Inc. has come a long way. Based in Torrance, Calif., the company remanufactures starters and alternators for import and [...]

In a letter issued by the Federal Reserve Bank of Chicago entitled 'The U.S. auto supplier industry in transition,' the bank stated that since 1980 the Big Three's (DaimlerChrysler, Ford, [...]

The overhaul of automobile manufacturing in the United States is rolling over supply chains, with logistics providers bracing for the impact of an industrial realignment that will reverberate across transportation [...]

Tenneco Inc. has announced its intention to close its ride performance plant in Gijon, Spain and decomplex its ride performance plant in Sint-Truiden, Belgium as the company continues to take [...]

Robert Bosch GmbH, DEUTZ AG, and Eberspächer GmbH & Co. KG have agreed to restructure their collaboration in the area of diesel exhaust-gas treatment. To this end, Bosch plans to [...]

Byline: just-auto.com editorial team Transmissions specialist ZF Friedrichshafen AG has said that it will reorganise itself into four new divisions from the start of 2011. It describes the move as [...]

During the auto industry's great collapse of 2009, American Axle & Manufacturing Holdings Inc. had a near-death experience. The Detroit automotive supplier's two biggest customers, General Motors Co. and Chrysler, [...]

Byline: Daniel Duggan At this point in 2009, the 880,000-square-foot headquarters campus for Van Buren Township-based Visteon Corp. was roughly half-vacant. The company was in bankruptcy and struggling to justify [...]

Byline: just-auto.com editorial team Magna International on Tuesday said the Ontario Superior Court had approved its previously announced plan of arrangement to eliminate the dual class share structure. "The decision [...]

Byline: just-auto.com editorial team Visteon Corporation has had the green light for the company's fourth amended plan of reorganisation from a steering committee of the company's term loan lenders and [...]

Byline: just-auto.com editorial team Visteon Corporation's modified disclosure statement connected with its reorganisation plan has finally been approved by bankruptcy court in Delaware after being held up by various creditor [...]

Byline: just-auto.com editorial team Visteon Corporation has put forward a fourth amended reorganisation plan. The plan - filed by Visteon on 14 June - envisages partial recovery to equity holders [...]

Plan gives banks 95% ownership of Visteon A consortium of Wall Street banks holding some of Visteon Corp.'s bonds would own 95 percent of the Van Buren Township supplier under [...]

Byline: just-auto.com editorial team Visteon has filed a second amended reorganisation plan, under which certain unsecured bondholders would receive 95% of the equity of the reorganised company, in exchange for [...]

Byline: just-auto.com editorial team Bankrupt autoparts maker Visteon has filed a reorganisation plan under which secured term loan lenders would end up with 96.2% of the shares in the new [...]

Two local auto suppliers have used the bankruptcy code to revamp at least 80 percent of their customer contracts, bucking the norm of most automotive bankruptcies seen this year. Both [...]

Bankrupt Visteon has received court approval for deals that will help it restructure operations and secure finance. Reuters reported that the company received approval from a bankruptcy judge in Delaware [...]