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Marelli Holdings, a technology partner in the automotive industry, has filed for voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. This strategic move is ...
Marelli, a key supplier for automakers like Nissan and Stellantis, filed for Chapter 11 bankruptcy on June 11. Marelli manufactures an array of products for automakers, including lighting systems, ...
Marelli said the lenders of the new $1.1 billion financing will take ownership of the business once it emerges from Chapter 11, subject to a 45-day so-called "overbid process" in which other ...
100% of Secured Debt to be Eliminated Access to New Liquidity Designed to Support Normal Course Business Operations; Marelli will Continue Delivering Reliable, High-Performance Products for Customers ...
Marelli was among the first major companies in any industry to pin a bankruptcy filing in part on tariffs. Other auto suppliers will likely follow, industry analysts said.
Marelli Holdings Co., a major supplier to Stellantis and Nissan Motor Co., owes the two customers a combined $767 million in unsecured debts, according to the company's Chapter 11 bankruptcy petition.
Marelli Holdings Co., the struggling auto parts supplier for Stellantis NV, Nissan Motor Co. and other carmakers, has filed for Chapter 11 bankruptcy protection in the U.S., saying its latest debt ...