auto parts suppliers
| 7:10PM 11/02/2009
General Motors Co. said it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division.
The Detroit automaker said Monday in a regulatory filing with the U.S. Securities and Exchange...
| 9:30AM 7/07/2009
Talk about a depressing statistic: Lear Corp. (LEAR) today became the third major auto parts supplier to file for Chapter 11 bankruptcy in the past month.
The company's fall from grace is hardly shocking given the precarious state of the U.S. auto industry and the economy overall. Back in March,...
| 12:30PM 7/02/2009
On Wednesday, Lear Corp. (LEA) announced that it has filed for Chapter 11. This bankruptcy is supported by key lenders and bondholders; Lear has secured $500 million in debtor-in-possession financing from its creditors, including JP Morgan Chase and Citigroup.
Lear, a Fortune 500 company that...