USA: Hayes-Lemmerz reaches agreement on reorganisation
Author: just-auto.com editorial team | 3 September 2009
Hayes Lemmerz International has reached an agreement with its lenders and unsecured creditors on the terms of a plan of reorganisation. The wheelmaker said bankruptcy court had approved the company's disclosure statement incorporating the terms of the agreement.
just-auto articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
More articles related to this one
US: Visteon swings to full-year 2009 profit
Visteon, which is reorganising under Chapter 11, reported a profit of USD128m in 2009, marking the company's first full-year profit since it was spun off of Ford in 2000.
RUSSIA: AvtoVAZ and Sollers to 'jointly develop supply base'
Russian automakers AvtoVAZ and Sollers have signed a cooperation agreement to develop a suppliers' auto components base, according to a statement issued by AvtoVAZ.
[updated 11:00GMT] US: Hummer deal off, brand to be wound down
General Motors last night said Sichuan Tengzhong Heavy Industrial Machines (Tengzhong) was "unable to complete" the acquisition of its Hummer SUV unit. Tengzhong told news agency AFP it withdrew its offer because it could not obtain regulatory approval from Chinese authorities.
Market research related to this article
Mexican Supplier Report
One of the largest contributors to the country's economy has been the automotive industry. The industry has gained a strong position globally over the years and is expected to continue its contribution to the national economy. According to Banamex, i...
