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Automobiles

Marelli seeks help from Nissan, Mizuho amid cash crunch

KKR-owned auto parts maker likely to have logged loss for fourth straight year

Auto parts maker Marelli has asked Mizuho Bank and other creditors to lengthen the grace period for its debt payments.   © Reuters

TOKYO -- Auto parts supplier Marelli Holdings, owned by U.S. private equity giant KKR, has called on Nissan Motors for help in inventory purchases and requested Mizuho Bank and others to lengthen the grace period for its debt payments, Nikkei has learned.

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