TOKYO -- Japanese auto parts maker Marelli Holdings announced Wednesday that it has filed for Chapter 11 bankruptcy protection through a U.S. court, after negotiations for a private debt workout stalled.
Business deals
Japan's Marelli files for Chapter 11 as debt workout plan stalls
Buyout bid by India's Motherson collapses due to opposition by foreign creditors
Auto parts supplier Marelli proposed a debt restructuring plan centered on a buyout by India's Motherson Group, but it failed to gain the consent of all creditors. (Photo by Sota Tanaka)
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