TOKYO -- Creditors of struggling Marelli Holdings unanimously agreed Monday to move forward with a voluntary debt reorganization plan that aims to keep one of the world's largest auto parts makers afloat and running.
Automobiles
KKR-owned Marelli's lenders give green light to debt workout plan
Voluntary settlement would keep auto parts maker in business and out of court
Jeep Grand Cherokee SUVs move along a Detroit assembly line. Marelli is a key supplier to automaker Stellantis. © Reuters
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