TOKYO -- Struggling Japanese auto parts supplier Marelli Holdings will enter a court-led restructuring process after failing to get creditors to back an alternative workout plan that would have brought faster debt relief.
Automobiles
KKR-owned auto supplier Marelli enters court-led restructuring
Weighed down by liabilities, Japanese manufacturer faces uncertain future
Marelli, headquartered in Saitama, Japan, has posted annual losses for four consecutive years. © Kyodo
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