David Stockman has resigned as CEO, chairman and a director of vehicle cockpit specialist Collins & Aikman Corporation.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Charles Becker, a former director, has agreed to serve as acting CEO along with a temporary steering committee formed by three other directors.


Marshall Cohen, a current director, was named non-executive interim chairman.


The company has also announced an amendment and waiver of its accounts receivables facility to address immediate liquidity issues arising from the recent simultaneous credit ratings downgrades of Ford Motor Company and General Motors Corporation by Standard & Poor’s Corporation to below investment grade status.


The company is seeking more favourable payment terms from the downgraded customers to further benefit the company’s liquidity.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The company continues to face significant near term liquidity challenges, it said in a statement.


Firm may restate results

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now