KKR-owned parts manufacturer Marelli filed for Chapter 11 bankruptcy protection in Delaware on 11 June, securing US$1.1bn in debtor-in-possession financing from lenders that will ultimately take control of the business. The Japanese supplier, which counts the similarly-embattled Nissan as its most prominent customer, listed assets and liabilities between US$1bn-$10bn.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?