Auto parts suppliers ask Obama to find new ways to help ailing their sectorAugust 27th, 2009 Auto parts suppliers ask Obama for more helpWASHINGTON — An auto parts industry association is asking President Barack Obama to consider new ways to help the industry, which is facing a spike in bankruptcies due to the woes of U.S. automakers. In a letter to the White House Wednesday, the Motor & Equipment Manufacturers Association wrote that there was "insufficient capital" available for parts suppliers to rehire workers and acquire raw materials for a possible increase in vehicle production later this year.
Albuquerque mayor says bankruptcy judge OKs $40M deal to save light jet maker Eclipse AviationAugust 21st, 2009 Mayor: Judge approves deal to save NM jet makerALBUQUERQUE, N.M. — Albuquerque Mayor Martin Chavez says a bankruptcy judge has approved a $40 million deal that will save the New Mexico-based maker of the Eclipse 500 light jet.
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.
Bankruptcy auction Thursday as Southwest Airlines seeks to buy Frontier AirlinesAugust 13th, 2009 Southwest seeks to buy Frontier, auction ThursdayDALLAS — Southwest Airlines is getting its chance to take over bankrupt Frontier Airlines. A bankruptcy court auction was scheduled Thursday.
GM and Chrysler may become bankruptcy lenders to auto parts supplier VisteonJuly 16th, 2009 GM, Chrysler among possible lenders to VisteonDOVER, Del. — Fresh from bankruptcy reorganization themselves, General Motors and Chrysler Group LLC now may become bankruptcy lenders to auto parts supplier Visteon Corp.
Parts maker Delphi receives no new bidders on assets, paving way for sale to buyout firm, GMJuly 11th, 2009 Delphi receives no new bidders on assetsNEW YORK — Auto parts maker Delphi Corp. says a deadline has passed with no further bidders on its business, paving the way for a sale to a California private-equity firm and General Motors Corp.
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.
Twin River slot parlor seeks Chapter 11 bankruptcy protection under mounting debtsJune 23rd, 2009 RI slot parlor files for bankruptcy protectionPROVIDENCE, R.I. — A Rhode Island slots parlor says it needs 24-hour gambling, millions of dollars for marketing and to end costly greyhound racing to regain profitability.
Six Flags seeks Chapt. 11 bankruptcy protection, says it needs to shed $1.8 billion in debtJune 13th, 2009 Six Flags seeks Chapt. 11 bankruptcy protectionNEW YORK — The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
6 Flags seeks Chapt. 11 bankruptcy protection, says it needs to shed $1.8 billion in debtJune 13th, 2009 6 Flags seeks Chapt. 11 bankruptcy protectionNEW YORK — The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
GM to spend $2 billion to facilitate Delphi sale, in exchange for equity in new companyJune 6th, 2009 GM to spend $2 billion to facilitate Delphi saleDETROIT — General Motors Corp. said Friday it will pay $2 billion to Delphi Corp.
GM to file for bankruptcy early Monday: ReportJune 1st, 2009 WASHINGTON - US auto giant General Motors is expected to file its bankruptcy papers at 8 a.m. (1200 GMT) in New York, the Wall Street Journal reported online Sunday.
Delphi says no agreement yet with Treasury and GM over fate of bankruptcy, remains in talksMay 29th, 2009 Delphi in talks with GM, Treasury over bankruptcyNEW YORK — Auto parts supplier Delphi Corp. says it hasn't reached an agreement yet with the Treasury Department and its former owner General Motors Corp.
Frontier Airlines seeks to extend bankruptcy plan deadline; says on track to emerge this yearMay 9th, 2009 Frontier seeks to extend bankruptcy plan deadlineNEW YORK — Frontier Airlines is asking for more time to propose its bankruptcy reorganization plan. The Denver-based airline currently has until June 4 to propose a plan before creditors would be allowed to propose their own.
The Columbian newspaper seeks Chapter 11 bankruptcy protectionMay 2nd, 2009 Columbian seeks Chapter 11 bankruptcy protectionVANCOUVER, Wash. — The company that publishes The Columbian newspaper in Vancouver, Wash., has filed for Chapter 11 bankruptcy protection in an effort to resolve credit issues involving a building project.
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