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TOKYO -- Japanese auto parts supplier Marelli Holdings announced Tuesday that a group led by U.S. investment firm Strategic Value Partners will sponsor the company's turnaround, with the goal of ...
Marelli’s quick decline shook the automobile sector. It is a glimpse of the depression of how feeble and lengthy car supply chains are nowadays. For years, automobile groups have employed large ...
“Companies are struggling, but the tariffs did not put them into bankruptcy,” said Stephanie Roth, chief economist at Wolfe ...
Marelli, a Tier 1 automotive supplier with offices across the world, including several in metro Detroit, blamed tariffs and filed for Chapter 11 bankruptcy this week in U.S. Bankruptcy Court for ...
Marelli said the lenders of the new $1.1 billion financing will take ownership of the business once it emerges from Chapter 11, subject to a 45-day so-called "overbid process" in which other ...
Marelli is far from the only supplier to have racked up debt. Debt has become more costly to suppliers because of relatively high interest rates, which make paying down debt more expensive.
KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.
Marelli claims its system consumes about 5 kW to power all four corners, because energy input is recovered at a rate of 80 percent. Call it "regenerative cushioning." ...
Auto parts maker Marelli has paused the process of closing its Crevalcore plant in Italy, saying on Tuesday it had mandated an adviser to seek potential buyers for the site, which employs around ...