Ford Objects Visteon Employee Incentive
14 Jul 2009, 09:00 UTC · By: Daniel Patrascu / Bankrupt American part supplier Visteon has setup an employee incentive program which, in Ford's opinion, is “entirely too rich, given current market and economic conditions.” The c...
Lear Enters Bankruptcy, Secures Creditor Support
7 Jul 2009, 06:15 UTC · By: Daniel Patrascu / After last week they announced the debut of a voluntary reorganization under Chapter 11 protection (read bankruptcy), automotive seating systems, electrical distribution systems and electronic produ...
Proliance Files for Bankruptcy
3 Jul 2009, 11:40 UTC · By: Daniel Patrascu / The number of US based automotive suppliers to file for bankruptcy this year increased today with aftermarket heat exchange and temperature control products supplier Proliance, who proceeded to the ...
Official: Lear Will File for Bankruptcy
2 Jul 2009, 09:10 UTC · By: Daniel Patrascu / As we told you a few days ago, one of the biggest suppliers of automotive seating systems, electrical distribution systems and electronic products, Lear, was rumored to file for bankruptcy this week...
Lear to File for Bankruptcy
29 Jun 2009, 08:09 UTC · By: Daniel Patrascu / Even if the economic crisis seems to soften, it keeps on making victims in the automotive sector. The latest one to feel the kiss of bankruptcy is car seat manufacturer Lear which, according to medi...
Visteon Gets $125M from Ford
5 Jun 2009, 08:40 UTC · By: Daniel Patrascu / Bankrupt auto parts maker Visteon will get a breath of fresh air from its old partner Ford, as the American manufacturer announced it agreed to a $125 million credit facility for the supplier. The m...
Metaldyne Files for Bankruptcy
28 May 2009, 12:17 UTC · By: Daniel Patrascu / The following months will be very challenging for the US automotive industry. After earlier today we announced you that Visteon, one of the largest auto part manufacturer submitted its papers to ent...
Visteon Files for Bankruptcy
28 May 2009, 08:39 UTC · By: Daniel Patrascu / Visteon, the auto parts maker which was once a Ford division has announced it had filed for Chapter 11 today, in an attempt to protect its US operations. The company is working without any profit fo...