After 4 years, Delphi emerges from Chapter 11 as new companyOctober 6th, 2009 Delphi emerges from Chapter 11NEW YORK — Auto supplier Delphi says it's emerging from bankruptcy protection nearly four years to the day it filed for Chapter 11. Troy, Mich.-based Delphi Holdings LLP says it has acquired most of the old company's core businesses as part of it's plan to restructure and exit court oversight.
Performance parts maker Holley seeks bankruptcy protectionSeptember 30th, 2009 Holley Performance files Chap. 11 bankruptcyWILMINGTON, Del.
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.
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.
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.
Judge tentatively approves deal to shift some Delphi assets to the new General MotorsJuly 13th, 2009 Judge OKs shift of some Delphi assets to new GMNEW YORK — A bankruptcy judge has approved a deal to shift some of auto parts supplier Delphi's assets to the General Motors Co. that emerged from Chapter 11 bankruptcy protection last week.
Shares of Lear tumble again on concerns that company with file for bankruptcy protectionJune 26th, 2009 Lear shares plunge on Chapter 11 worriesNEW YORK — Shares of Lear Corp. tumbled for a third straight day Friday on worries that a Chapter 11 bankruptcy filing at the auto supplier was imminent.
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.
Bankruptcy judge gives final approval of Delphi's $250 million credit facilityJune 16th, 2009 Judge OKs Delphi's use of $250M credit facilityNEW YORK — A bankruptcy judge says Delphi can have access to a $250 million credit facility. U.S. Bankruptcy Judge Robert Drain on Tuesday gave final approval to the use of the credit facility, which will be provided by Delphi Corp.'s former parent General Motors Corp.
Strapped auto supplier groups to ask government for up to $10 billion in new loan guaranteesJune 10th, 2009 Auto suppliers to seek billions more in gov't aidNEW YORK — Automotive parts suppliers plan to seek an additional $8 billion to $10 billion in loan guarantees to help them weather a bleak auto sales environment and the bankruptcy court restructuring of major customers GM and Chrysler. The Original Equipment Suppliers Association and Motor & Equipment Manufacturers Association said they plan to request the federal aid Wednesday from the U.S.
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.
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.
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.
Judge gives Delphi additional time to come up plan for exiting bankruptcy protectionMay 8th, 2009 Delphi gets more time to come up with planNEW YORK — A judge says Delphi can have more time to come up with a plan to exit from Chapter 11 bankruptcy protection. U.S. Judge Robert Drain gave Troy, Mich.-based Delphi Corp.
Bankruptcy court documents show Delphi now has a few more weeks to negotiate steering saleMay 8th, 2009 Delphi gets until May 21 to reach GM, lenders dealNEW YORK — Auto parts supplier Delphi Corp. has a few more weeks to work out a deal to sell its steering business to General Motors Corp., according to documents filed Wednesday in bankruptcy court in New York.
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