Visteon judge rejects insider bonuses, approves incentives for lower managersOctober 7th, 2009 Visteon judge rejects bonuses for top officersWILMINGTON, Del. — A Delaware bankruptcy judge has rejected a request by auto parts supplier Visteon Corp.
After 4 years, auto parts supplier Delphi emerges from Chapter 11 as new companyOctober 6th, 2009 Delphi emerges from Chapter 11 after 4 yearsNEW YORK — Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter 11. Delphi emerged as a new company after completing a deal with its lenders and receiving a promise for billions in loans from GM, which once owned Delphi and buys critical parts from them.
Bankruptcy trustee, unions object to Visteon's revised bonus planOctober 2nd, 2009 Visteon scales back proposed bonus planDOVER, Del. — Auto parts supplier Visteon Inc.
Visteon says it's close to emerging from bankruptcy, asks court for more timeSeptember 22nd, 2009 Visteon asks bankruptcy court for more timeWILMINGTON, Del. — Auto parts supplier Visteon Corp.
Where some of the major auto supplier bankruptcy cases standAugust 15th, 2009 Auto suppliers under bankruptcy protectionAuto parts supplier Visteon Corp. has asked a Delaware bankruptcy judge for permission to cut health and life insurance benefits for thousands of current and former workers.
Auto parts supplier Delphi gets judge's OK to give lenders control, nears exit from bankruptcyJuly 30th, 2009 Bankruptcy judge approves lender's bid for DelphiNEW YORK — 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 Delphi and its stakeholders, especially given the challenges the parts maker has faced recently as a result of the turmoil in the credit markets and the crumbling of the U.S.
Lear files for Chapter 11 bankruptcy protection after receiving support needed from lendersJuly 7th, 2009 Lear files for Chapter 11 bankruptcy protectionNEW YORK — Struggling automotive parts supplier Lear Corp. filed for Chapter 11 bankruptcy protection on Tuesday after receiving the support it needed from lenders and bondholders.
Lear preparing for Chapter 11 bankruptcy filing, has creditor support for restructuringJuly 1st, 2009 Lear prepping for bankruptcy, has creditor supportNEW YORK — Automotive parts supplier Lear Corp. said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund its operations while under court protection.
Visteon attorney says company making good progress on bankruptcy financingJune 19th, 2009 Attorney says Visteon making progress on financingWILMINGTON, Del. — Auto-parts supplier Visteon Corp.
Obama administration rejects request from auto suppliers for up to $10 billion in aidJune 16th, 2009 Administration rejects auto supplier aid requestWASHINGTON — The Obama administration has turned down a request by auto suppliers for up to $10 billion in additional federal aid to help the parts companies deal with the bankruptcies of General Motors and Chrysler. The Treasury Department said in a statement Tuesday that an existing $5 billion support program for auto parts suppliers was playing an important role in stabilizing the nation's auto supply base.
Bankruptcy judge authorizes Visteon to pay critical vendors, other obligationsMay 29th, 2009 Judge approves motions in Visteon bankruptcyWILMINGTON, Del. — A Delaware bankruptcy judge has approved several first-day motions in the Chapter 11 bankruptcy case of automobile parts supplier Visteon Corp.
Bankruptcy judge authorizes Visteon to pay critical vendors, other obligationsMay 29th, 2009 Judge approves early motions in Visteon bankruptcyWILMINGTON, Del. — A Delaware bankruptcy judge on Friday approved several first-day motions in the Chapter 11 bankruptcy case of automobile parts supplier Visteon Corp.
Auto suppliers want Congress, Obama to protect supply base amid summer factory shutdownsMay 9th, 2009 Auto suppliers urge lawmakers to protect baseWASHINGTON — Auto suppliers say the auto industry's supply base could be threatened by factory shutdowns by General Motors and Chrysler. In a letter to congressional offices on Friday, the Motor & Equipment Manufacturers Association said the supplier industry is in crisis and during the shutdowns many suppliers will have no choice but to permanently close their facilities this summer.
Chrysler forced to close plants early as some suppliers stop shipping partsApril 30th, 2009 Some Chrysler parts suppliers stop shippingDETROIT — Chrysler says it has sent workers home from at least two factories because parts suppliers have stopped shipping due to its bankruptcy filing. Vice Chairman and President Tom LaSorda said in a conference call Thursday that workers were sent home from stamping and assembly factories in the Detroit suburb of Warren.
Ford says Chrysler bankruptcy filing won't affect its supply chain, or slow its restructuringApril 30th, 2009 Ford says Chrysler bankruptcy won't harm businessDETROIT — Ford Motor Co. says it doesn't expect to experience disruptions in its supply chain due to Chrysler's bankruptcy filing.
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